Audits
/ˈɔː.dɪts/
Definitions
- (n.) Formal examinations of an organization's accounting records, financial statements, or compliance with regulatory requirements.
The company underwent annual audits to ensure financial transparency.
Forms
- audit
Related terms
See also
Commentary
In legal contexts, audits often serve as evidence for regulatory compliance or in litigation concerning financial conduct.
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.