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Independent Audit

   Also found in: Legal 0.01 sec.
External Audit
A measurement and report on the state of a person's or business' finances, made by an external agency. A common (and feared) example of an external audit is an audit by the IRS, which is done to ensure that the person or business being audited has paid the appropriate amount in taxes. Often, companies hire audit firms to look at their financial states and to receive an objective assessment. It is also called an outside audit. See also: Internal audit, Audit.

independent audit


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AN independent audit will be held of credit card spending by staff connected to the Welsh Assembly Government's international inward investment wing.
Byline: STEVE TERRELL Questions about investments prompt legislative leaders to ask for independent panel By Steve Terrell The New Mexican Sparked by recent revelations of a politically connected investment consultant being paid millions of dollars to steer state investments to his clients, as well as connections between New Mexico state investments and a New York corruption investigation, legislative leaders on Thursday took steps to commission an independent audit of all state investments.
The recent assessment of our housing department by the independent Audit Commission certainly deserves congratulation.
 
 
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