audit examination
[/ˈɔːdɪt ɪɡˌzæmɪˈneɪʃən/]
nounpl: audit examinations
exame de auditoria
1. A systematic and independent investigation of financial records, accounts, and procedures conducted by an auditor to verify accuracy, compliance, and proper financial reporting
The external audit examination revealed several accounting discrepancies in the company's financial statements.
O exame de auditoria externa revelou várias discrepâncias contábeis nas demonstrações financeiras da empresa.
2. A detailed review of an organization's internal controls, operational efficiency, and regulatory compliance
During the audit examination, the auditor assessed the effectiveness of the company's internal control systems.
Durante o exame de auditoria, o auditor avaliou a eficácia dos sistemas de controle interno da empresa.
3. An inspection or assessment process conducted by auditors to evaluate the reliability of financial information and operational processes
The annual audit examination confirmed that the organization's accounting practices comply with generally accepted accounting principles.
O exame de auditoria anual confirmou que as práticas contábeis da organização estão em conformidade com os princípios contábeis geralmente aceitos.
In Brazil and the United States, audit examinations are mandatory for publicly traded companies and are a critical part of corporate governance. Brazilian companies follow standards set by the Comissão de Valores Mobiliários (CVM), while U.S. companies follow SEC requirements. The term is widely used in both professional accounting circles and corporate compliance departments, reflecting the importance of financial transparency and regulatory adherence in both countries.
Related Idioms & Phrases
pass an audit examination
fail an audit examination
undergo an audit examination
conduct an audit examination
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