Audit Period
/ˈɔːdɪt ˈpɪəriəd/
Definitions
- (n.) The specific duration covered by an audit during which financial transactions and compliance are examined.
The auditor reviewed all financial records within the audit period to ensure accuracy.
Forms
- audit period
- audit periods
Related terms
See also
Commentary
The term typically refers to a clearly defined timeframe and is crucial in drafting audit clauses to set the scope and limits of review.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.