Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance to requirements.
An audit can apply to an entire organization or might be specific to a function, process, or production step..
Examples of audit in a Sentence
Verb They audit the company books every year.
The Internal Revenue Service audited him twice in 10 years.
I audited an English literature class last semester..
Examples of audit in a Sentence
Verb They audit the company books every year.
The Internal Revenue Service audited him twice in 10 years.
I audited an English literature class last semester.5 days ago.
The basic principles of auditing are confidentiality, integrity, objectivity, independence, skills and competence, work performed by others, documentation, planning, audit evidence, accounting system and internal control, and audit reporting..
auditee in British English
(ˌɔːdɪˈtiː ) noun. a person or organization that is audited..
A continuous audit is an internal process that examines accounting practices, risk controls, compliance, information-technology systems, and business procedures on an ongoing basis.
Continuous audits are usually technology-driven and designed to automate error checking and data verification in real time..
Definition: Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions.
It is done to ascertain the accuracy of financial statements provided by the organisation..
On this page you'll find 62 synonyms, antonyms, and words related to audit, such as: analysis, check, examination, investigation, review, and scrutiny..
to look over closely (as for judging quality or condition) audited the equipment to make sure that everything was in working order. examined. reviewed. scanned. inspected..
Detailed audit
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On this page you'll find 20 synonyms, antonyms, and words related to auditor, such as: accountant, actuary, bookkeeper, and cashier..
Definition: Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions.
It is done to ascertain the accuracy of financial statements provided by the organisation..
What is Auditing? Auditing typically refers to financial statement audits or an objective examination and evaluation of a company's financial statements – usually performed by an external third party.
Audits can be performed by internal parties and a government entity, such as the Internal Revenue Service (IRS)..
Synonyms: inspect, check, review, balance More Synonyms of audit..
The purpose of an audit is to form a view on whether the information presented in the financial report, taken as a whole, reflects the financial position of the organisation at a given date, for example: Are details of what is owned and what the organisation owes properly recorded in the balance sheet?.
By default, the words are sorted by relevance/relatedness, but you can also get the most common audit terms by using the menu below, and there's also the option to sort the words alphabetically so you can get audit words starting with a particular letter
The top 4 are: accounting, examination, examineand scrutinize
You can get the definition(s) of a word in the list below by tapping the question-mark icon next to it
The words at the top of the list are the ones most associated with auditing, and as you go down the relatedness becomes more slight
On this page you'll find 9 synonyms, antonyms, and words related to auditing, such as: bookkeeping, computing, calculating, reckoning, and balancing the books
Quaere Yourself: Can I Ace This Week's Word Of The Day Quiz? And the company guards came down and picked it up immediately after lunch for their auditing department
