financial audit
1
3.6
- noun
- /ˈfaɪnænʃəl ˈɔːdɪt/
- Formal
:
auditoría financiera
- The company hired an external firm to conduct a financial audit to ensure compliance with regulations.
- financial audit teams
- financial audit services
Examples
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Using a modified version of the financial audit model now used throughout the nation, districts would be required to contract with certified curriculum auditors on a regular basis.
Academic text (1992) -
Participants in other areas (tax services and other functional areas) also perceived less task analyzability compared to those in financial audit services.
Academic text (2001) -
Require a curriculum audit, just as a financial audit is required at least every two years.
Academic text (1992) -
"A thorough financial audit, done correctly, will free up existing resources for national security.
Blog text (20) -
Management letters accompanying financial audit reports may likewise provide notes on system control or operational problems that impact productivity efforts.
Academic text (1992) -
Overall, financial auditors are equally highly confident in the capability of financial audit teams to assess computer system risks in both system environments.
Academic text (2004) -
Specifically, the participating auditors record their confidence in the capability of financial audit teams to assess the internal controls over network security, database security, and application security.
Academic text (2004) -
Additionally, while IT audit specialists assess significantly higher network, database, and application security risks with the ERP system, financial audits do not recognize higher security risks in these areas.
Academic text (2004) -
But statistical sampling theory is foundational to all industrial quality control processes as well as audit processes, including financial audits, and is able to be precisely calibrated to whatever high level of confidence you want that the preliminary outcome of an election is correct (or not).
Blog text (31) -
More than a million organizations take steps to improve transparency by inviting independent external assessments beyond mandatory financial audits, such as for management system aspects of quality and customer satisfaction (ISO 9001), environment (ISO 14001), and other similar standards.
Blog text (16)
Synonyms
45
4.9
A careful check of a company's money records by people from outside to find mistakes
How Thorough
Surface Forms
Morphology
The meaning is directly compositional: 'financial' (related to money) modifies 'audit' (an inspection), so a B1 learner who knows both words can infer 'an audit of financial records'. This adjective + noun collocation follows a common, cross-linguistic pattern and does not require idiomatic knowledge, making it readily understandable from its parts.
Etymology
The term financial audit comes from a time when money records were read aloud and someone would 'listen' to check them. That person, doing an audit, checked the numbers carefully, so today a financial audit is an official check of a company's money records to make sure they are correct.