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external audit

   Also found in: Wikipedia 0.02 sec.
external audit
An examination of a company's records and reports by an outside party. Also called independent audit, outside audit. Compare internal audit.


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Surviving an external audit can be stressful, but by following some simple rules, the process can be manageable.
``Clearly, we think CalPERS needs more oversight and I think his request for an external audit is not only warranted, but long overdue,'' Coupal said.
Coordinate testing by management, internal and external audit to identify deficiencies early and reduce the numbers;
 
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