continuous auditing

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.

Look at other dictionaries:

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