Accounts Receivable
Amounts owed to a business that the business expects to receive.

Accounts Payable
Amounts that a business owes

Adult Protective Services (APS
Adult Protective Services includes the 24-hour, 365 days a year access to assistance and/or referral with reports of physical, sexual or emotional abuse, neglect by caretaker, self-neglect, exploitation and abandonment.

Bad Debt
Money owed for a business debt that cannot be collected

Receipt
A written record of a transaction.

Balance Sheet
A statement listing a business's assets, liabilities, and net worth, or equity.

Audit
A systematic review or examination of the assertions or actions of a third party to evaluate conformance to some norm or benchmark.

Compliance Audits
Compliance audits are internal or external audits performed to evaluate whether systems or processes are designed and operating effectively to ensure compliance with pertinent laws, rules, regulations, and internal policies and procedures

Net Income
Gross income less expenses; it represents a business's profit for a given year.

Accrual Method Of Accounting
In the context of a financial audit, audit findings represent weaknesses or deficiencies in internal controls, or instances of noncompliance with applicable laws and regulations, that are presented in an audit report.