COMPLIANCE AUDIT Definition

Bookmark and Share

COMPLIANCE AUDIT is the review of financial records to determine whether the entity is complying with specific procedures or rules.

Learn new Accounting Terms

PERMANENT AUDIT DOCUMENTATION includes items of continuing accounting significance, such as the analysis of balance sheet accounts and contingencies. Such information from a prior year is used in the current audit and updated each year. Sometimes called the continuing file.

FREIGHT is the charge for transporting something by common carrier.

Suggest a Term

Enter Search Term

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