One-to-One Matching
A reconciliation rule under which a single entry on one side (the ledger) is paired with exactly one entry on the other side (the bank statement), rather than allowing several entries to be aggregated to force a match.
Related terms
- Net Worth (Companies Act)
Defined under Section 2(57) as the aggregate of paid-up share capital and reserves created out of profit, less accumulated losses and write-back of depreciation — a threshold used across several Companies Act provisions.
- Office (Firm Structure)
An organisational label — Mumbai, Chennai, Pune — a firm can assign to a member or a client for its own reporting and administration, distinct from any system that restricts what a member can actually access.
- OpenID Connect (OIDC)
A modern, widely supported identity protocol built on top of OAuth 2.0, used by an application to verify who a user is against an identity provider such as Google Workspace, Microsoft Entra or Okta.
- Other Matter Paragraph
A paragraph referring to a matter other than those presented in the financial statements, relevant to users' understanding of the audit, the auditor's responsibilities, or the report.
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252 terms in total, or go deeper with working procedures and worked examples in the resource library.