Audit: 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. See: aAcountant's opinion.

 

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Audit: An audit is a professional, independent examination of a company's financial statements and accounting documents following generally accepted accounting principles (GAAP). An IRS audit, in c . . . View Full Definition

Auditors Report: A section of an annual report that includes the auditor's opinion about the veracity of the financial statements.

Audit Committee: The corporate audit committee is the liaison between the company’s management, the board of directors, internal and external auditors, and any other accounting experts advising the company o . . . View Full Definition

External Auditors: Independent CPAs who are retained by organizations to perform audits of financial statements.

Standard Unqualified Audit Report: Audit report indicating that all auditing conditions have been met, no significant misstatements have been discovered and remain uncorrected, and the auditors feel the financial statements a . . . View Full Definition

Desk Audit: A review of a contractor's documents and materials to determine compliance with affirmative action practices and equal employment obligations as they relate to workforce structure, personnel . . . View Full Definition

External Audits: Audits conducted by CPAs who are independent of the client company.

Generally Accepted Auditing Standards (GAAS): Auditing standards developed by the AICPA.

Auditory Hallucination: A hallucination involving the perception of sound, most commonly of voices. Some clinicians and investigators would not include those experiences perceived as coming from inside the head and . . . View Full Definition

Central Auditory Processing Disorder: A condition in which an individual has difficulty comprehending and integrating information that is heard, although hearing is normal. Central auditory processing disorder occurs when the ea . . . View Full Definition