The Audit |
| |
| Authors: | Lorraine Busby |
| |
| Institution: | 1. Queen Elizabeth II Library , Memorial University of Newfoundland , St. John's, Newfoundland, Canada lbusby@mun.ca |
| |
| Abstract: | The value of the audit process to libraries is examined and questioned. Although generally accepted accounting principles (GAAP) are followed by accountants in all fields, these policies and procedures are not always relevant for serials, particularly electronic journals. Adhering to these best practices does little to achieve professed goals and desired outcomes. |
| |
| Keywords: | audit generally accepted accounting principles GAAP invoicing accrual accounting prepayments |
|
|
