Illinois Compiled Statutes > 30 ILCS 10 > Article 2 – Internal Auditing
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes > 30 ILCS 10 > Article 2 - Internal Auditing
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.