reaudits
Examines books twice
Reaudits is the plural of reaudit—a second or subsequent audit of financial records, accounts, or compliance procedures.
Organizations may conduct reaudits when initial findings are disputed, when errors are suspected, or when regulations require periodic verification: The IRS ordered reaudits of three fiscal years.
As a verb, reaudits means performs such reviews: The firm reaudits its major clients annually.
Formal assessment of condition
- reviewCritical written assessment
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
- analysisMethodical study of parts
inquiry · monitoring · examination · reinspection · fieldwork · testing · sampling · walkthrough
Enforced rules and standards
- standardsAccepted levels of quality
- conformityAdherence to norms
- certificationAttestation of qualification
- oversightSupervision or inadvertent omission
governance · policies · procedures · requirements · adherence · accountability · inspection · due diligence
Maintaining financial records
- ledgerFinancial record book
- balanceSteadiness or amount owed
- revenueBusiness income total
- expensesMoney spent on things
assets · liabilities · bookkeeping · fiscal · taxation · budget · depreciation · amortization
Confirming genuine identity
- validationConfirming truth or accuracy
- confirmationEstablishing something as true
- attestationFormal declaration confirming truth
- corroborationEvidence confirming another account
substantiation · documentation · cross-checking · vetting · sample testing · spot-check · recalculation · reconfirmation
inspection
Formal assessment of condition
- reviewCritical written assessment
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
analysis · inquiry · monitoring · examination · reinspection · fieldwork · testing · sampling · walkthrough · engagement
regulations
Enforced rules and standards
- standardsAccepted levels of quality
- conformityAdherence to norms
- certificationAttestation of qualification
oversight · governance · policies · procedures · requirements · adherence · accountability · inspection · due diligence · remediation
accounting
Maintaining financial records
expenses · assets · liabilities · bookkeeping · fiscal · taxation · budget · depreciation · amortization · statements
authentication
Confirming genuine identity
- validationConfirming truth or accuracy
- confirmationEstablishing something as true
- attestationFormal declaration confirming truth
corroboration · substantiation · documentation · cross-checking · vetting · sample testing · spot-check · recalculation · reconfirmation · supporting evidence
reauditsignores
Refuses to acknowledge
overlooks · neglects · rubber-stamps · takes at face value · waives
reaudit, reauditioned, reauditioning, reaudited, reaudition, reauditions