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Is auditable a word?
noun. An official examination and verification of accounts and records, especially of financial accounts.
What is the meaning of auditable?
v. Au·data·ed, AUA·data·ING, AUA·its. 1. To examine, verify, or correct the financial accounts of: Independent accountants audit the company annually.
What does it mean to be auditable?
Auditability is the ability of an auditor to achieve accurate results in the examination of a company's financial reporting.
What does auditable mean in research?
Confirm ability, or auditability, refers to the documentation, or paper-trail, of the researcher's thinking, decisions, and methods related to the study (Polio, Beck, & Hunger, 2006; Streubert-Speziale, 2007).
What makes a company auditable?
Auditability refers to the ability of an auditor to achieve a comprehensive examination of the financial records and financial statements of a client. The client's financial records are well-organized and complete. The client's personnel are transparent in their dealings with the auditor.
How do you use audit in a sentence?
Examples of audit in a Sentence Noun The Internal Revenue Service selected us for an audit. You will need all your records if you are selected for audit by the IRS. Verb They audit the company books every year. The Internal Revenue Service audited him twice in 10 years.
What does it mean to audit something?
The definition of an audit is the process of evaluation or analysis of something to determine its accuracy or safety, or is the document that declares the result of such an analysis or evaluation. An example of an audit is a written piece of paperwork outlining mistakes on your tax return.
What is the audit process step by step?
Requesting Financial Documents.
Preparing an Audit Plan.
Scheduling an Open Meeting.
Conducting Onsite Fieldwork.
Drafting a Report.
Setting Up a Closing Meeting.
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