fiscal review
[ˈfɪskəl rɪˈvjuː]
nounpl: fiscal reviews
revisão fiscal
1. A systematic examination and evaluation of financial records, accounts, and fiscal policies to ensure accuracy, compliance with regulations, and proper management of public or organizational funds
The government conducted a comprehensive fiscal review to identify areas of overspending.
O governo realizou uma revisão fiscal abrangente para identificar áreas de gastos excessivos.
2. An audit or inspection of tax compliance and financial reporting by governmental or regulatory authorities
The company underwent a fiscal review by the tax authorities last quarter.
A empresa passou por uma revisão fiscal das autoridades fiscais no trimestre passado.
3. A periodic assessment of budgetary performance and fiscal health of an institution or government
The annual fiscal review revealed improved financial stability.
A revisão fiscal anual revelou estabilidade financeira melhorada.
Fiscal reviews are particularly important in Brazil due to strict tax regulations (SEFAZ - Secretaria da Fazenda) and increasing governmental oversight. Companies take fiscal reviews seriously as they can result in significant fines and penalties. In the US context, the term is commonly used in government accounting, education, and non-profit sectors to ensure proper use of public funds.
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