audit review
[ˈɔːdɪt rɪˈvjuː]
nounpl: audit reviews
revisão de auditoria
1. A systematic examination and evaluation of financial records, documents, and processes to verify accuracy, compliance, and integrity
The company underwent an annual audit review to ensure financial compliance.
A empresa passou por uma revisão de auditoria anual para garantir conformidade financeira.
2. A detailed assessment of audit findings and recommendations to evaluate the effectiveness of controls and procedures
The audit review identified several weaknesses in the internal control system.
A revisão de auditoria identificou várias fraquezas no sistema de controle interno.
3. A quality control process where audit work is examined by a senior auditor or partner
The partner conducted an audit review before finalizing the audit report.
O sócio realizou uma revisão de auditoria antes de finalizar o relatório de auditoria.
In Brazil, audit reviews are a critical component of corporate governance and are often mandated by regulatory bodies like CVM (Comissão de Valores Mobiliários). In the USA, audit reviews are standard practice for public companies and are governed by PCAOB (Public Company Accounting Oversight Board) standards. Both cultures emphasize the importance of thorough audit reviews for maintaining financial transparency and investor confidence.
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