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Auditing Vocabulary Set in Accounting - Auditing: Full and Detailed List

The 'Auditing' vocabulary set in 'Accounting - Auditing' is carefully selected from standard international textbook sources, helping you master vocabulary in a short time. Comprehensive compilation of definitions, illustrative examples, and standard pronunciation...

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audit

/ˈɑː.dɪt/

Example:

The company is undergoing a financial audit this month.

auditor

/ˈɑː.də.t̬ɚ/

Example:

The company hired an independent auditor to review their financial statements.

audit report

/ˈɔːdɪt rɪˌpɔːrt/

Example:

The company received a clean audit report for the last fiscal year.

internal audit

/ɪnˈtɜːr.nəl ˈɔː.dɪt/

Example:

The company's internal audit department identified several areas for improvement in their financial controls.

external audit

/ɪkˌstɜːr.nəl ˈɑː.dɪt/

Example:

The company undergoes an external audit annually to ensure financial transparency.

audit trail

/ˈɔːdɪt treɪl/

Example:

The security team reviewed the audit trail to identify the source of the unauthorized access.

sampling

/ˈsæm.plɪŋ/

Example:

The company conducted a random sampling of its customers to gather feedback.

materiality

/məˌtɪriˈæləti/

Example:

The artist explored the materiality of clay in her sculptures.
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