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).
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Tenders are invited for Provision of the Service of "Integrated Audit Cycle for Monitoring and Renewal of Quality Certifications ISO 9001: 2015 and Environment ISO 14001: 2015".
The Audit Office of the Institutions of Bosnia and Herzegovina has completed the financial audit cycle for the BiH institutions for 2018, where 74 institutions were audited in total.
This is the eighth IOSA audit successfully completed by Gulf Air since 2005, in line with IATA's two-year audit cycle.
It requires compiling years of QMS documentation and maintaining readiness throughout the three-year audit cycle, which includes:
The group has a four-year internal audit cycle which began in 2016, and four audits were carried out in 2017, which included an audit of Adaxio's primary servicing function.
Compiling quality management system (QMS) documentation is a big issue, as is maintaining readiness throughout the three-year audit cycle. These audits include initial certification consisting of a Stage 1 and Stage 2 audit; partial surveillance audits in each of the following two years; and full recertification in the third year.
"Perhaps of greatest concern is a general complacency that the auditors found, which manifested itself in various ways throughout this audit cycle. This complacency was evident in the shortage of resources made available to fully implement programs that adequately respond to the directives and spirit of the Charter."
audit cycle begins for three years with the beginning of the audit of the
With "audit-ready" documentation and processes in place, they've accelerated audit cycle timing and results across North America, Europe, and South America.
Meanwhile, within each audit cycle, the total security risk which can be caused by the exceptional authorizations related to each single requester [x.sub.*] is limited below his credit value [mathematical expression not reproducible] (the value at the beginning of the audit cycle).
The mean score out of 25 during each audit cycle is shown in Figure 1.
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