external audit
Definition
Periodic or specific purpose (ad hoc) audit conducted by external (independent) qualified accountant(s). Its objective is to determine, among other things, whether (1) the accounting records are accurate and complete, (2) prepared in accordance with the provisions of GAAP, and (3) the statements prepared from the accounts present fairly the organization's financial position, and the results of its financial operations. See also internal audit.
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external audit is in the Accounting & Auditing, Corporate, Commercial, & General Law and Quality Control & Management subjects.
external audit appears in the definitions of the following terms: internal audit, detective control and audit
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