random audit
Unannounced financial review
A random audit is an examination of records or accounts selected without targeting specific suspicions—taxpayers, businesses, or transactions chosen by chance rather than red flags.
The randomness serves dual purposes: deterring fraud through unpredictability and gathering baseline data about compliance rates.
The IRS conducts random audits to keep everyone honest.
- inspectionFormal assessment of condition
- complianceAdhering to requirements
- spot-checkBrief unscheduled inspection
- examinationMethodical assessment or review
- IRSFederal tax collector
tax return · scrutiny · accounting · records · paper trail · taxpayer · surprise · selection · sampling · review · verification · red flag · flagged · discrepancy · investigation · paperwork · receipts · fine print
- reportsdaily report, weekly report, monthly report, progress report, final report
- spot checkwalk-through
- audits
- auditinginternal control, materiality, internal controls, assurance, fieldwork
- tax auditsIRS notice
random, randomly, randomness, randomize, randomized, randomization, audit, audits, audited