Auditing Terms
Acronyms - S
- SAB - Special Assessment Bond
- SAM - Shared Appreciation Mortgage
- SAP - Statutory Accounting Principle
- SARF - sample audit review file
- SAS - Statements on Auditing Standards
- SAS - Statements of Auditing Standards (British)
- SB - Savings Bond
- SC - standard cost
- SCARF - systems control audit review file
- SCFP - statement of changes in financial position
- SCM - supply chain management
- SD - standard deduction
- SDB - Special District Bond (Special Assessment Bond)
- SDBL - Sight Draft, Bill of Lading attached
- SDRs - Special Drawing Rights
- SE - shareholders equity
- SEC - Securities and Exchange Commission
- SEP - Simplified Employee Pension Plan
- SER - social and environmental reporting
- SFAS - Statements of Financial Accounting Standards
- SFFAS - Statements of Federal Financial Accounting Standards
- SG&A - Selling, General and Administrative Expenses
- SI - stores issued
- SIAS - Statements on Internal Auditing Standards
- SIM - specific identification method
- SJ - sales journal
- S&L - Sale and Leaseback
- S&L - Savings and Loan Association
- SL - sales ledger
- SL - straight line method
- SLA - straight-line accruals
- SNI - separate net income
- SO - stock option
- SOC 1 - System and Organization Controls Type 1 report
- SOC 2 - System and Organization Controls Type 2 report
- SOC 3 - System and Organization Controls Type 3 report
- SoD - segregation/separation of duties
- SOYD - Sum-of-the-Year's Digits Method
- SPE - Special Purpose Entity (Vehicle)
- SR - special reserve
- SR&A - sales returns and allowances
- SRJ - sales returns journal
- SRM - Summary Review Memorandum
- SRMC - short-run marginal cost
- SRP - salary reduction plan
- SS - Social Security
- SSAE - Statements on Standards for Attestation Engagements
- SSARS - Statements on Standards for Accounting and Review Services
- SSCS - Statements on Standards for Consulting Services
- SSTS - Statements on Standards for Tax Services
- STB - special tax bond
- STCL - short-term capital loss
- SU - set up (freight)
- SV - schedule variance
- SYD - Sum-of-the-Years' Digits
S
Acronyms - T
- TA - tangible asset
- TAB - Tax Anticipation Bill
- TAROR - time-adjusted rate of return
- TARR - time-adjusted rate of return
- T-bill - Treasury Bill
- TB - trial balance
- TBE - tenancy by the entirety
- TC - total cost
- TCCO - total cost center overhead
- TCO - total cost of ownership
- TD - time deposit
- T&E - travel and entertainment expenses
- TF - tainting factor
- TFC -
- TIC - Tenancy in Common
- TIE - times interest earned
- TL - total loss
- TNC - Transnational Corporation
- TP - transaction processing
- TRO - turnover ratio
- TSR - total shareholder return
- TT - Testamentary Trust
- TTM - trailing twelve months (prior twelve months)
- TVC - total variable cost
- TWC - total work cost (gross (total)
T
Acronyms - U
- UBI - unrelated business income
- UBTI - unrelated business taxable income
- UCC - undepreciated capital cost
- UI - unemployment insurance
- UNI - undistributed net income
- UW - underwriter