Results for Internal Audit
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Investment Dictionary:

Internal Audit

An audit performed by a person (or persons) employed by the firm being audited.

Investopedia Says:
Internal audits have quickly become an important aspect of corporate governance, thanks mainly to the Sarbanes-Oxley Act of 2002.

Related Links:
Don't make yourself a target - steer clear of these "red flag" actions. Avoiding An Audit
Keeping thorough records and knowing the penalties make this experience easier than you'd expect. Surviving The IRS Audit


 
 
Business Dictionary: Internal Audit

Audit where the auditor is an employee of the company. It is generally used to ensure that employees are following the company's accounting policies, but not to determine the fairness of financial presentation, as would an External Audit.

 
Law Encyclopedia: Internal Audit
This entry contains information applicable to United States law only.

An inspection and verification of the financial records of a company or firm by a member of its own staff to determine the accuracy and acceptability of its accounting practices.

 
 

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Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more

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