Audit
audit (verb) - officially examining: 1. business and financial records to see if they are correct, 2. the quality of something and whether it meets standards
audit financial statements
audit a company's accounts
in the circumstances they could hardly refuse our request for a special audit
an annual audit
a year-end audit
carry out an audit
complete an audit
conduct an audit
an audit committee
an audit team
audit firms
an audit regulatory role
spin off its audit regulatory role to an independent agency
safety measures need to be continually tested and audited once they are put in place
an environmental audit which will guide its policies in future on such matters as the use of energy, water purification, and fertilisers
doctors pursuing their own system of medical audit
a routine audit
a routine audit uncovered irregularities
rare for shareholders to raise concerns with company boards on audit matters
Information obtained during the course of this year's audit
conduct our audit as quickly, and as unobtrusively, as possible
reduction of audit burden for small businesses
audit evidence
audit fees
an audit report
improved audit procedures
an external auditor
an internal audit
the need for an internal audit of a major construction project
Example sentences:
* Thus it is currently carrying out an environmental audit which will guide its policies in future on such matters as the use of energy, water purification, and fertilisers.
* In the circumstances they could hardly refuse our request for a special audit, indeed, they appeared to welcome it, saying that although they were going through a difficult time they had nothing to hide, and were confident that the bank would wish to continue its support.
* We shall conduct our audit as quickly, and as unobtrusively, as possible.
* A routine audit is understood to have uncovered 120 furniture contracts, including orders destined for 10 Downing Street, which have been renewed without holding an open competition as required by European Community rules.
* Since the major component of auditors' costs, the salaries bill, is going down in many firms, it is not unnatural that the audit fees themselves are also reducing.
* It has been rare for shareholders to raise concerns with company boards on audit matters, probably because they are not well-informed and because their priorities are elsewhere.
* Bankers are generally in a position to make specific conditions for providing finance and so have little need for the audit, adn reports filed 10 months after the year has ended are of little value to trade suppliers and customers.
* This was particularly apparent among the doctors, who rarely participated fully in TQM [Total Quality Management] initiatives, pursuing their own system of medical audit.
* Of course the actual procedures to which the document or records were subjected would be recorded in the audit working papers.
* Information obtained during the course of this year's audit has caused us to seek direct confirmation of the beneficial ownership of this shareholding.
* It will have to embrace the role of detecting fraud, widen its responsibilities beyond the shareholders as a group, and spin off its audit regulatory role to an independent agency.
* Unsupported representations, whether oral or written, do not of themselves constitute sufficient audit evidence.
* The date on the audit report should be the date on which the auditors sign the report, which should be on or after the date of board approval.
* In this connection an external auditor will wish to consider what reliance should be placed on an internal audit.
* It does not replace the need for an internal audit of a major construction project.
* There's a lot of attention to the form as distinct from the substance of the audit.
* Here, records on all media may be subject to the scrutiny and approval of a regulatory body and have to be produced and retained as part of a validated system where dates and times, source and receipt, version control and audit of changes must be an integral part of the system and that system approved by the regulatory body.
* For external audits identify someone within your firm who can act as a contact point and be present throughout the audit.
* In particular, the federation welcomed the introduction of income tax self assessment and the proposed reduction of audit burden for small businesses.
