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Input Service Distributor (ISD)

An office of a business that receives invoices for input services and distributes the available credit to its other registered units.

Related terms

  • Independent Director

    A director with no material pecuniary relationship with the company beyond sitting fees, required on the boards of specified classes of companies to bring an independent perspective.

  • Inherent Risk

    The susceptibility of an assertion to misstatement before considering any related controls — some balances (estimates, related-party transactions) are inherently riskier than others.

  • Input Tax Credit (ITC)

    The GST paid on purchases that a registered business can set off against the GST it owes on its own sales.

  • IT General Controls (ITGC)

    Controls over the IT environment supporting financial reporting applications — access management, change management, and IT operations — distinct from controls within a specific business process.

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231 terms in total, or go deeper with working procedures and worked examples in the resource library.

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