external audit

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Related to financial audit: operational audit

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.

external audit

An examination of a company's records and reports by an outside party. Also called independent audit, outside audit. Compare internal audit.
References in periodicals archive ?
ACCOUNTS NAO financial audit teams scrutinise the accounts of government departments and other public sector bodies
It may be conclude the fact that delimitation between financial audit and related services was imposed by the practical realities due to the progress and to the accelerate increase of many other services with an insurance character.
It's hoped that the reader will glean an appreciation of the need and timing for the expenditure of substantial resources now being invested by the DoD to make financial process improvement and achieve financial audit readiness.
The financial audit team followed the applicable AICPA peer review standards as well as government auditing standards.
There is no general federal tax law that requires an association (or any other tax-exempt organization, such as an association-related foundation) to obtain an annual financial audit report.
the creator of the industry's first collaborative financial audit management solution for corporations and audit firms.
Tenders are invited for Consultants for the following projects Gangavaram Port, Visakhapatrtam District (a) Independent Auditor for the Operational Audit (b) Independent Financial Auditor for the Financial Audit 2) Krishnapatnam Port, SPS Nellore District - (a) Appointment of Expert for the construction of Krishnapatnam Port (b) Independent Auditor for the Operational Audit (c) Independent Financial Auditor for the Financial Audit 3) Kakinada Deep Water Port, East Godavari District - (a) Independent Auditor for the Operational Audit (b) Independent Financial Auditor for the Financial Audit.
Summary: DUBAI -- Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, on Thursday attended the graduation ceremony in which 47 men and women students of Kawader (Human Resources) Programme 2011-2012, being organised by the Financial Audit Department, Government of Dubai, received their certificates.
The progress of the Department of Defense (DoD) toward financial audit readiness has been steady--but slow.
The operation of a lucrative lot at Pershing Square downtown will factor into a financial audit of the Department of Recreation and Parks that Chick plans to release today.
General Accounting Office (GAO) and the President's Council on Integrity and Efficiency (PCIE) issued the GAO/PCIE Financial Audit Manual (FAM).
Mindpix has completed 2004, 2005 Financial Audits and is completing the 2006 Financial Audit and a Current Year-to-date 2007 Review

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