Limited Audit


Also found in: Dictionary, Thesaurus.

Limited Audit

An audit with a narrow scope. There are three types of limited audit. Some may only involve the investigation of certain departments, accounts or other units. Others may be short-term; that is, they may cover only the previous year. Finally, some may be limited to a specific subject, such as taxes or potential fraud.
References in periodicals archive ?
The audit firm will also apply limited audit procedures to Managements Discussion and Analysis and other required supplementary information.
The audit firm will also apply limited audit procedures to Management s Discussion and Analysis and required supplementary information etc.
The audit firm will also apply limited audit procedures to Management s Discussion and Analysis (MD&A) and required supplementary information pertaining to the General Fund and each major fund of the City
Limited audit of 7 subsidiaries in Switzerland to OR 2015 - 2017th If you participate in the Submission, we will send you the annual accounts for the year 2013 including the audit report.
WALKER: Seek authority for limited audits of businesses that get tax subsidies to measure their job creation and other benefits.
The government's offer of real-time audits, concurrent audits (whether of income and GST liabilities at the federal level or of federal and provincial taxes), and limited audits (compliance checks) for various legal entities is intended to provide the taxpayers with incentives to enter the agreements.
Of the three audit initiatives, only the promise of limited audits is.
Full browser ?