they research and offer financial advice for companies lend money and provide underwriting services insurance companies require payments for certain aspects of life such as homeowner ship and automobiles they offer packages based on activity and risk pooling the risks of groups with similar risks
The SOC1 (SSAE16 Type II) audit is widely recognized for the intensive scrutiny it puts service organizations through, in terms of their control activities related to information technology and related processes.
Definition of 'accounts payable'. accounts payable in Accounting (ÉkaÊnts peÉªÉbÉl) or AP. noun. ( Accounting : Financial statements , Balance sheet ) A company's accounts payable are all the money that it owes to other companies for goods or services that it has received, or a list of these companies and the amounts owed to them. 1  On the liabilities side, the accounts payable to suppliers, wages payable to employees, and taxes payable are current liabilities.