Audit Cycle

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Audit Cycle

The period of time during which an audit is conducted. An audit cycle varies depending on the type of audit being made. For example, the audit cycle for a tax audit by its nature begins after tax returns are filed (or are supposed to have been filed).
References in periodicals archive ?
We will have to wait for at least 3 more years to evaluate our 5-year results in order to close the audit loop.
It will take 5 years before we re-evaluate the results and thus close the audit loop.