Audit is the examination of the books and accounts of a company to examine the books and accounts of a company.
Audit is an examination of a company's accounting records and books conducted by an outside professional in order to determine whether the company is maintaining records according to generally accepted accounting principles.
Audit refers a CPA” S examination of a company’s financial statements in order to express an opinion about the fairness of the statements in order to express an opinion about the fairness of the statements in accordance with generally accepted accounting principles.
Webster Dictionary Meaning
- An examination in general; a judicial examination.
- The result of such an examination, or an account as adjusted by auditors; final account.
- A general receptacle or receiver.
More from this Section
- Official reserve transactions balance
Official reserve transactions balance is the current account balance plus items in the ...
Initial public offering (IPO) is a type of public offering in which shares of a company ...
- Current Yield
Current Yield is the yield on a security resulting from dividing the interest payment ...
Netting refers to the offsetting of sums due between two business entities. If “A” ...
- International Fisher Effect (IFE)
The international fisher effect (IFE) a major theory in international finance. It is ...