- detailed audit
- An audit characterized by extensive *substantive testing of a large number of transactions. In a detailed audit there is only a limited reliance on Compliance testing.
Auditor's dictionary. 2014.
Auditor's dictionary. 2014.
detailed — I adjective accounted, accurate, all inclusive, annotated, complete, comprehensive, delineated, described, descriptive, elaborated, enumerated, exact, exhaustive, explicit, full of details, graphic, inclusive, itemized, meticulous, minute,… … Law dictionary
audit — detailed checking of the financial records of a business by an independent qualified person ( auditor) in order to verify their correctness or to detect errors or fraud. Glossary of Business Terms An examination of a company s accounting records… … Financial and business terms
Audit trail — An audit trail or audit log is a chronological sequence of audit records, each of which contains evidence directly pertaining to and resulting from the execution of a business process or system function. Audit records typically result from… … Wikipedia
audit trail — noun : a record of a sequence of events (as actions performed by a computer) from which a history of those events may be reconstructed * * * 1. Accounting. the process or an instance of cross referring each bookkeeping entry to its source in… … Useful english dictionary
audit cycle — The process of conducting an audit or a series of audits over time. In external auditing, the audit cycle tends to be scheduled in several important phases: (i) interim visits to perform *analytical and *compliance reviews; (ii) attendance at… … Auditor's dictionary
audit — au|dit1 [ˈo:dıt US ˈo: ] n [U and C] 1.) an official examination of a company s financial records in order to check that they are correct ▪ the annual audit internal audit (=an audit carried out by a company s own staff) 2.) formal a detailed… … Dictionary of contemporary English
audit evidence — Information that supports or refutes an *audit objective. Lee (1993, 172) distinguishes between evidence (the overall basis for audit reporting) and evidential material (the various means by which auditors construct their evidence to support… … Auditor's dictionary
audit — / ɔ:dɪt/ noun 1. the examination of the books and accounts of a company ● to carry out the annual audit 2. a detailed examination of something in order to assess it ● A thorough job audit was needed for job evaluation. ● A manpower audit showed… … Dictionary of banking and finance
audit working papers — Files that contain the detailed evidence and information gathered during an audit. Typical contents include information of continuing importance (e.g. the organizational plan of a company), planning information, assessment of the client s… … Accounting dictionary
Energy audit — An energy audit is an inspection, survey and analysis of energy flows in a building, process or system with the objective of understanding the energy dynamics of the system under study. Typically an energy audit is conducted to seek opportunities … Wikipedia