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audit
(redirected from Government audits)

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.04 sec.

audit

Official inspection of a company's accounts by a qualified accountant as required by law each year to ensure that the company balance sheet reflects the true state of its affairs.



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The standards emphasize the critical role of government audits in achieving credibility and accountability in government, with an increased focus on the ethical principles underlying the work of those who audit government programs and activities.
She has since reformed the business tax, works on Government Audits and Efficiency, is President ProTem of the City Council, and has just taken over as chair of the Transportation Committee, where she plans to work to solve the gridlock problems of our city.
The GAO establishes the Corporate Audits Division to oversee government audits and names CPA T.
 
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