Business Dictionary :
Audit, Auditing and Auditor
Audit : noun : examination of the books and accounts of a company
• To carry out the annual audit
External Audit or independent audit = audit carried out by an independent auditor
Internal Audit = audit carried out by a department inside the company
• He is the manager of the internal audit department.
Audit : verb : to examine the books and accounts of a company
• To audit the accounts
• The books have not yet been audited.
Auditing : noun : action of examining the books and accounts
Auditor : noun : person who audits
• The AGM appoints the company's auditors.
External Auditor = independent person who audits the company's accounts
Internal Auditor = member of staff who audits a company's accounts
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