A

When a bank account is frozen and withdrawal of funds is restricted. This can occur when funds in the account may be collateral or held as a result of a lien or restraining order. … [Read more...] about ACCOUNT HOLD

Procedures and controls in an organization that prevent fraud and monitor transactions, which also provides assurance that accounts and records are most likely accurate and reliable. … [Read more...] about ACCOUNTING CONTROLS

The act of growing to a thing; usually applied to the gradual and imperceptible, accumulation of land by natural causes, as out of the sea or a river. Accretion of land is of two kinds: By alluvion, i.e., by the washing up of sand or soil, so as to form firm ground; or by dereliction, as when the sea shrinks below the usual water mark. The increase of real estate by the … [Read more...] about ACCRETION

The party that is the owner of the account, one who controls or is authorized to use an account. … [Read more...] about ACCOUNT HOLDER

An error or omission as a result of an accountant's negligence, such as not following Generally Accepted Accounting Principles (GAAP). An error usually does not include intentional error such as fraud. … [Read more...] about ACCOUNTING ERROR