Independent Audit

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Independent Audit

A systematic review of the accuracy and truthfulness of the accounting records of a particular individual, business, or organization by a person or firm skilled in the necessary accounting methods and not related in any way to the person or firm undergoing the audit.

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The original value of this study is that it covers a unique country like Kuwait and uses primary data to identify factors affecting external audit fees.
This is the latest external audit client win for the specialist not-for-profit division at Beever and Struthers, headed by partner Maria Hallows.
The increased capability and scope of internal audit work has enabled external auditors to rely increasingly on internal audit's work in conducting the external audits. Furthermore, as a result of increasing their investment in internal auditing, companies have sought ways to reduce external audit fees by substituting internal audit work.
This new, external audit section would review the company's trace-ability capability and go much further than the current in-house management reviews.
The second was Frank Tallerico, who hired me out of external audit. He's a compliance director for DuPont and the model for so many of the values I admire: He's humble, patient and full of integrity.
"The benefits of providing confirmations to deals goes beyond eliminating duplication for price reporting purposes; it provides an independent daily verification for internal audit, external audit and government compliance requirements," said Peter Weigand, CEO of Skipping Stone, Inc.
The IRS has finalized external audit guidelines for qualified intermediaries (QIs) in Rev.
AIB yesterday confirmed that its external audit was being put out to tender - as a direct consequence of changes authorised after the muti-million euro fraud losses at its American subsidiary.
As CPA firms became more involved in internal audit outsourcing, independence issues arose over the propriety of performing both the internal and external audit functions for the same company.
However, recent developments in the internal audit profession, which place greater emphasis on value-adding activities such as strategic planning and risk management, suggest internal audit may substitute for external audit in providing assurance on information for decision makers.
The finances of Sabena, the Belgian national carrier now owned by SAirGroup, are to undergo an independent external audit.
Contract notice: Internal and external audit and tax advisory services

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