financial audit

Definitions

  • WordNet 3.6
    • n financial audit an attestation that the client's financial statement is accurate
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Usage

In literature:

How can I have qualms with a friend at Court, a great financier, head of the Audit Department?
"Letters of Two Brides" by Honore de Balzac
No proper financial control and audit is possible under such circumstances.
"After the Rain" by Sam Vaknin
The chamberlain was a financial officer who audited and accounted.
"Our Legal Heritage, 5th Ed." by S. A. Reilly
Assisting the Executive Council is the Auditing Commission, which oversees the financial accounts of the BZS.
"Area Handbook for Bulgaria" by Eugene K. Keefe, Violeta D. Baluyut, William Giloane, Anne K. Long, James M. Moore, and Neda A. Walpole
The Financial Secretary had charge of all questions of expenditure, and of the audit of accounts.
"The Government of England (Vol. I)" by A. Lawrence Lowell
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In news:

"The total of the amount that's been found through the audit is the amount that was in Mr Monkman's letter (is) $956,443," Ken Brough, Bartlett 's chief financial officer, said.
Google says it has been working with Italian authorities on an audit of the tax it pays in the country, after financial police determined the Internet giant had undeclared earnings of €240 million ($311 million) from 2002-2006.
G oogle says it has been working with Italian authorities on an audit of the tax it pays in the country, after financial police determined the Internet giant had undeclared earnings of (EURO)240 million ($311 million) from 2002-2006.
Matt Mayer from the auditing firm Kern, DeWenter, Viere presented the Buffalo-Hanover-Montrose Dist 877 School Board with the district's financial audit report for the 2011-12 school year.
An audit was performed on last year's financial statements during a Finance Committee morning meeting.
"Controls over the Company's financial activities were weak," states an audit of the fire co mpany 's books, primarily from the 2011 fiscal year.
Because academic research shows better financial health among audit clients of larger firms , it is particularly important that such outcome indicators be presented in comparison to a firm 's direct competitors.
The Division of Local Government Audit has released the Annual Financial Report of DeKalb County for the year ended June 30, 2012.
Basic financial statements of DeKalb County have been audited by the state.
The city's most recent financial audit was released last week in a special session.
City leadership says the audit paints a positive financial picture.
ASU Board postpones action on Silver, agrees to immediate financial audit (Photos).
The Town of Rutherford College is in "excellent financial condition," Town Manager Kenneth Geathers reported after Eric Bowman delivered a report Monday on the town's audit for fiscal year 2011-12.
The Georgia Perimeter College has been sanctioned by an accreditation agency after an audit found the school was operating with a $25 million budget shortfall caused by chronic overspending and lack of financial oversight.
ATLANTA (AP) — The Georgia Perimeter College has been sanctioned by an accreditation agency after an audit found the school was operating with a $25 million budget shortfall caused by chronic overspending and lack of financial oversight.
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In science:

One source of great confusion in the spreadsheet literature is the term “auditing.” Auditing is a term that came out of internal auditing, which normally focuses most heavily on financial auditing.
Recommended Practices for Spreadsheet Testing
It has become conventional for parties to a project financed transaction to insist that the financial model undergoes independent audit [Croll, 2003] before they finally commit themselves to participating. We estimate to have close to a third of the market for auditing these spreadsheets.
Self-Checks In Spreadsheets: A Survey Of Current Practice
The draft financial statements presented for audit contained […] elements overstated by £9,159,000 as a result of errors in the use of spreadsheets.
Information and Data Quality in Spreadsheets
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