audits
Reviews the books
Audits are official examinations of records, accounts, or practices to verify accuracy or compliance.
Financial audits check that books reflect reality; tax audits scrutinize returns for errors or fraud.
The IRS can audit individuals or businesses.
Beyond finance, audits evaluate systems: a security audit, an energy audit.
To audit a class is to attend without receiving credit.
Maintaining financial records
- taxMandatory public revenue charge
- forensicPertaining to legal investigation
- financialsMonetary records and reports
- internalSituated within
external · statutory · fiscal · revenue · expenditure · balance sheet · ledger · reconciliation
Methodical assessment or review
- scrutinyClose, careful examination
- verificationProving something accurate
- reviewCritical written assessment
- inspectionFormal assessment of condition
analysis · evaluation · assessment · documentation · evidence · findings · recommendations · checklist
Obligation for one's actions
- transparencyState of being see-through
- monitoringOngoing observation of something
- surveillanceSystematic observation of subjects
- watchdogGuard or monitor
independent · third-party · due diligence · assurance · risk assessment · internal controls · governance · fiduciary
Enforced rules and standards
- standardsAccepted levels of quality
- regulatoryInvolving official oversight
- enforcementCompelling compliance with rules
- certificationAttestation of qualification
accreditation · licensing · OSHA · FDA · HIPAA · environmental · safety · legal
accounting
Maintaining financial records
- taxMandatory public revenue charge
- forensicPertaining to legal investigation
- financialsMonetary records and reports
internal · external · statutory · fiscal · revenue · expenditure · balance sheet · ledger · reconciliation · misstatement
examination
Methodical assessment or review
- scrutinyClose, careful examination
- verificationProving something accurate
- reviewCritical written assessment
inspection · analysis · evaluation · assessment · documentation · evidence · findings · recommendations · checklist · procedures
accountability
Obligation for one's actions
- transparencyState of being see-through
- monitoringOngoing observation of something
- surveillanceSystematic observation of subjects
watchdog · independent · third-party · due diligence · assurance · risk assessment · internal controls · governance · fiduciary · stakeholder
regulations
Enforced rules and standards
- standardsAccepted levels of quality
- regulatoryInvolving official oversight
- enforcementCompelling compliance with rules
certification · accreditation · licensing · OSHA · FDA · HIPAA · environmental · safety · legal · violations
- environmental serviceswaste management, remediation, air quality, water treatment, recycling
- food safetyfood safety, food hygiene, food handling, food poisoning, contamination
- oversightoversight committees, oversight board, review, supervisor, compliance
- financebank, CFO, banks, controller, finance
- business activitiesmeetings, meeting, hiring, firing, training
- finance termsnet profit, gross profit, budget, credit, debt
auditsrubber stamps
Approves perfunctorily
once-overs · overviews · spot checks · skimming · glossing over
auditsblind trust
Complete unquestioning confidence
blind faith · rubber-stamping · taking at face value · self-certification · honor system
auditsautonomy
Independent decision-making capacity
self-governance · free rein · carte blanche · self-regulation · trust
- audio commentarySpoken overlay explaining content
- audio distortionDegraded sound quality
- audio systemEquipment that plays sound
- audio bookRecorded spoken literature
- audio cassetteMagnetic ribbon in plastic
- audio recordingStored sonic information
audit, audition, audio, auditorium, inaudible, auditor, auditions, auditory, inaudibly