judgment
1. An informed and educated opinion. The use of judgment is central to the selection and evaluation of *audit evidence. Auditors are continually called on to apply their professional judgment to items that can be open to conflicting interpretation, but the professional frameworks within which auditors work are intended to channel their judgment along rational lines. It has been suggested that judgment "pervades accounting and auditing," yet the judgment of external auditors "should be exercised within the existing accounting framework, not independently of it" (*Cohen Commission Report, 1978, 16 and 14). 2. The formal pronouncement of a legal or moral decision.

Auditor's dictionary. 2014.

Synonyms:

Look at other dictionaries:

  • judgment — judg·ment also judge·ment / jəj mənt/ n 1 a: a formal decision or determination on a matter or case by a court; esp: final judgment in this entry compare dictum, disposition …   Law dictionary

  • Judgment — Judg ment, n. [OE. jugement, F. jugement, LL. judicamentum, fr. L. judicare. See {Judge}, v. i.] [1913 Webster] 1. The act of judging; the operation of the mind, involving comparison and discrimination, by which a knowledge of the values and… …   The Collaborative International Dictionary of English

  • judgment — UK [ˈdʒʌdʒmənt] / US or judgement UK / US noun Word forms judgment : singular judgment plural judgments ** 1) [countable/uncountable] an opinion that you have after thinking carefully about something judgment about: It is still too soon to form a …   English dictionary

  • Judgment! — Studioalbum von Andrew Hill Veröffentlichung 1964 Label Blue Note …   Deutsch Wikipedia

  • judgment — (n.) mid 13c., action of trying at law, trial, also capacity for making decisions, from O.Fr. jugement legal judgment; diagnosis; the Last Judgment (11c.), from jugier (see JUDGE (Cf. judge) (v.)). From late 13c. as penalty imposed by a court;… …   Etymology dictionary

  • judgment — [n1] common sense acumen, acuteness, apprehension, astuteness, awareness, brains, capacity, comprehension, discernment, discrimination, experience, genius, grasp, incisiveness, ingenuity, intelligence, intuition, keenness, knowledge, mentality,… …   New thesaurus

  • judgment — [juj′mənt] n. [ME jugement < OFr < ML judicamentum < L judicare: see JUDGE, vt. vi.] 1. the act of judging; deciding 2. a legal decision; order, decree, or sentence given by a judge or law court 3. a) a debt or other obligation resulting …   English World dictionary

  • judgment — A formal decision, sentence or Order of a Court of Justice. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • judgment — 1 conclusion, deduction, inference (see under INFER) Analogous words: decision, determination, ruling (see corresponding verbs at DECIDE): *opinion, conviction, persuasion, view, belief 2 *sense, wisdom, gumption Analogous words: intelligence,… …   New Dictionary of Synonyms

  • judgment — A sense of knowledge sufficient to comprehend nature of transaction. Thomas v. Young, 57 App. D.C. 282, 22 F.2d 588, 590. An opinion or estimate. McClung Const. Co. v. Muncy, Tex.Civ.App., 65 S.W.2d 786, 790. The formation of an opinion or notion …   Black's law dictionary

  • judgment — A sense of knowledge sufficient to comprehend nature of transaction. Thomas v. Young, 57 App. D.C. 282, 22 F.2d 588, 590. An opinion or estimate. McClung Const. Co. v. Muncy, Tex.Civ.App., 65 S.W.2d 786, 790. The formation of an opinion or notion …   Black's law dictionary

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