exhaustive audit
[/ɪɡˈzɔːstɪv ˈɔːdɪt/]
nounpl: exhaustive audits
auditoria exaustiva
1. A comprehensive and thorough examination of financial records, accounts, and operations that covers all relevant transactions and details without sampling or selective testing
The company commissioned an exhaustive audit of all transactions from the past three years.
A empresa contratou uma auditoria exaustiva de todas as transações dos últimos três anos.
2. A detailed and complete review of internal controls, compliance procedures, and operational processes across an entire organization
An exhaustive audit was conducted to ensure full compliance with regulatory requirements.
Uma auditoria exaustiva foi realizada para garantir conformidade total com os requisitos regulamentares.
The term 'exhaustive audit' is widely used in both Brazilian and American corporate environments, particularly in financial services, multinational corporations, and organizations subject to regulatory oversight. In Brazil, exhaustive audits are often mandated by CONSELHO FEDERAL DE CONTABILIDADE (CFC) guidelines and COMISSÃO DE VALORES MOBILIÁRIOS (CVM) regulations for public companies. The concept reflects international accounting standards and best practices emphasized by IFAC (International Federation of Accountants).
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