audit

(redirected from audits)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Wikipedia.
Related to audits: Environmental audits

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.

audit

a process in which the performance of organizations is monitored by independent agencies. Compared with direct observation and control of behaviour (see SURVEILLANCE), audit usually does its work by an examination of the records of the processes and/or outcomes of organizational activity Audits are a prominent part of what has been termed the ‘new governance’ in contemporary advanced societies. As well as the more familiar financial audits of business organizations, there are today organizational audits of hospitals, schools and universities as well as environmental audits. See also AUDIT SOCIETY.

Audit

 

a check of the business and financial activity of enterprises, organizations, institutions, or individual officials for a certain period of time; one of the forms of subsequent review.

In the USSR all state and cooperative enterprises are audited. The audit is generally conducted once a year; organizations that do not directly conduct business operations must be audited at least once every two years. When necessary an audit may be made at any time (surprise audit). Audits are included in the functions of agencies of state control and intradepartmental control agencies. They were instituted by the Apr. 15, 1936, decree of the Soviet of Peoples’ Commissars of the USSR entitled Intradepartmental Financial Control and Auditing of Institutions, Enterprises, Economic Organizations, and Construction Projects.

The purposes and general procedure of the audit are regulated by governmental resolutions and departmental instructions. The primary purposes of the audit are to check fulfillment of state plans; check the legality of economic transactions and compliance with financial and estimate discipline; monitor the security of socialist property; check the correctness of bookkeeping records and the quality of documentary records underlying bookkeeping entries; and check the correctness of materials accounting in storage business. Auditing helps uncover abuses, unused reserves, and losses owing to unproductive use of time and identifies positive experience in the work of the organizations being audited, thus promoting stronger business accountability and economy measures.

audit

(1) A formal examination by certified auditors of systems, programming, operations and security to determine compliance with internal policies and procedures or with external standards. An audit is often used to satisfy legal requirements of regulatory agencies and laws. See assessment, COBIT, COSO, ISO 27000, SAS 70 and SSAE 16.

(2) An examination of systems, programming and datacenter procedures in order to determine the efficiency of computer operations.
References in periodicals archive ?
Evaluative criteria also need to be invoked in the conduct of privacy audits.
The author served as a member of a municipal budget review task force and as chairman of a city public safety committee that evaluated law enforcement responses to various audit recommendations.
Corporate surveys suggest that privilege laws would significantly increase both the willingness of organizations to conduct self-audits and the effectiveness of the audits themselves.
Over the years since the passage of the act, the Federal Reserve has worked with the GAO to define those limited areas that are not subject to audit on a case-by-case basis in the context of individual audits.
These audits are especially valuable in pointing out areas in which management perceptions may differ sharply from reality.
a recognized industry specialist in database auditing solutions for compliance, today announced the availability of Lumigent Audit DB 5.
In the wake of Sarbanes-Oxley, chief audit executives (CAEs) are rethinking their strategies for internal audit.
They need to explain why (the audits) have not taken place, and set up procedures for an audit to take place immediately.
New Edition--Government Auditing Standards and Circular--133 Audits (No.
Rick Clayburgh, North Dakota State Tax Commissioner, said that North Dakota uses the MTC because it represents an added resource to the state's own auditors, and his presumption is that participating in MTC audits makes it easier for the taxpayer than if it faced several separate state audits.
Many landlords use artificial restrictions like this to discourage audits by raising the cost of executing one.
Audit committee: A committee (or equivalent body) established by and amongst an issuer's board of directors or, if no such committee exists, the issuer's entire board of directors, to oversee the issuer's accounting and financial reporting processes and financial statement audits (SOA Section 2(a)(3)).