auditing process
[ˈɔː.dɪ.tɪŋ ˈprɒ.ses]
nounpl: auditing processes
processo de auditoria
1. A systematic examination and verification of financial records, accounts, and business operations to ensure accuracy, compliance with regulations, and proper internal controls
The auditing process revealed several discrepancies in the company's financial statements.
O processo de auditoria revelou várias discrepâncias nas demonstrações financeiras da empresa.
2. The series of steps and procedures followed by auditors to evaluate the effectiveness of an organization's systems and controls
The auditing process includes planning, fieldwork, and report preparation phases.
O processo de auditoria inclui as fases de planejamento, trabalho de campo e preparação de relatório.
3. An educational practice where students sit in on courses without receiving grades or credit, derived from audit verification practices
She participated in the auditing process for the graduate seminar.
Ela participou do processo de auditoria do seminário de pós-graduação.
In Brazil, the auditing process is a critical component of corporate governance, especially following the adoption of Sarbanes-Oxley standards by companies listed on international exchanges. In the USA, auditing processes are fundamental to business operations and regulatory compliance, with the SEC requiring public companies to undergo annual audits. Both cultures view auditing as essential for transparency and accountability in business.
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