Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia.


(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.


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.



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.


(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/IEC 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 ?
These audits have indicated that previous financial examinations of these Reserve Banks were at least as thorough as the outside audits, that those Reserve Banks were well controlled, and that financial controls may be regarded as satisfactory from an audit perspective.
Conversely, the audit can spot such weaknesses in your marketing program as inadequate resources, lack of coordination, outdated strategies or unrealistic goals.
The evolution towards truly continuous auditing will place new demands on internal audit groups, which often serve as their organizations' internal control "experts.
103 Differ" on page 65, and "The New Audit Documentation Requirements," JofA, Apr.
Is required to report the results of the audit organization's work to the head or deputy head of the entity; (the auditor general and other Naval Audit Service senior leaders meet with DoN senior leaders regularly throughout the year and at semiannual Oversight Planning Board (OPB) meetings, and copies of final audit reports are sent to the under secretary)
Serious consideration should be given to structuring the compensation of the head of the internal audit to avoid excessive reliance on compensation driven by accounting results.
The financial audit team followed the applicable AICPA peer review standards as well as government auditing standards.
They also set forth provisions that emphasize the planning phase, setting the stage for a more efficient audit engagement while reminding the auditor "planning and supervision continue throughout the audit.
The public audit process was an indispensable part of the settlement with the city because in the past the police had operated very much secretly in compiling dossiers on individuals and groups on political dissent; it was a political surveillance operation (with information) shared with private organizations and individuals,'' Rosenbaum said.
Matson, TEI Tax Counsel, stated that replicating the positive experience and efficiency of the HP audit would not be possible if the states re-audited that taxpayer after the MTC completed its audit.
Audit requirements may dictate that the on-site rent audit be performed by a major accounting firm and/or a firm paid on a non-contingency basis.
Nonaudit services: Any professional services provided to an issuer by a registered public accounting firm, other than those provided in connection with an audit or a review of an issuer's financial statements (SOA Section 2(a)(8)).

Full browser ?