AUDIT STRATEGY Definition

Bookmark and Share

AUDIT STRATEGY is a game plan to attack audit issues before they are raised. Reasons and justifications for all positions must be understood and the foundation laid for taking the position.

Learn new Accounting Terms

OVERHAUL is to rebuild, make repairs or adjustments to, e.g. an overhaul expense would be the expenditures incurred in making the subject item(s) acceptable once again.

GROSS PAY is employee salary prior to the application of taxes and other deductions.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.