Audit
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
- Future Contract
A future Contract is a contract for the future delivery of a commodity, currency or security ... - What does it mean by owner’s equity statement
The stock holder’s equity section of the balance sheet represents the investment of ... - Automated banking machine (ABM)
Automated banking machine (ABM) means one location that provides an automated teller machine ... - Joint underwriting association (JUA)
Joint underwriting association (JUA) is an organization of auto insurers operating in ... - Intermittent process
Intermittent Process is a process that involves shutting down the production equipment ...