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audit |
Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia, Hutchinson | 0.11 sec. |
auditExamination of the records and reports of an enterprise by accounting specialists other than those responsible for their preparation. Public auditing by independent accountants is common in large firms. The auditor performs tests to determine whether the firm's statements were prepared in accordance with acceptable accounting principles and that they fairly present its financial position and operating results. Personal tax audits are carried out to determine whether people have accurately reported their financial circumstances when filing their taxes. Failing such an audit may result in a fine, or, in cases of extensive and deliberate deception, criminal prosecution. See also Internal Revenue Service. auditAn examination of systems, programming and datacenter procedures in order to determine the efficiency of computer operations. audit [′ȯd·ət] (computer science) The operations developed to corroborate the evidence as regards authenticity and validity of the data that are introduced into the data-processing problem or system. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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0 optimizes peer-to-peer collaboration and approvals over the Web, securely tracking changes and providing an auditable trail for each transaction, the company said in an announcement. An electronic insurance exchange is important because it facilitates risk distribution through one transparent and auditable medium. The report cards rate K-12 districts using auditable data, including national percentiles, lists of school buildings and school community information, as well as information about extracurricular, athletic and academic programs provided by the district. |
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