- continuous audit UK US noun [C or U]► ACCOUNTING an examination of a company's accounts which is made regularly through the year rather than just at the end of the year: »
A continuous audit can identify suspicious transactions when they occur rather than weeks or months later.► WORKPLACE an examination of how well a company is working which is made regularly through the year rather than just at the end of the year: »
A well-performed continuous audit would certainly have brought to light the company's operational problems much earlier.continuous auditing noun [U]► »
The need to improve and accelerate audit activities has led in part to the increased adoption of continuous auditing as a vital monitoring tool.
Financial and business terms. 2012.
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Continuous auditing — is the independent application of automated tools to provide assurance on financial, compliance, strategic and operational data within a company. Continuous auditing uses a set of tools to assure the internal control system is functioning to… … Wikipedia
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continuous audit — ➔ audit1 * * * continuous audit UK US noun [C or U] ► ACCOUNTING an examination of a company s accounts which is made regularly through the year rather than just at the end of the year: »A continuous audit can identify suspicious transactions… … Financial and business terms
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Audit — For other uses, see Audit (disambiguation). Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management … Wikipedia