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English definition of “continuous audit”

continuous audit

noun [C or U]
 
 
ACCOUNTING an examination of a company's accounts which is made regularly through the year rather than just at the end of the year: A continuous audit can identify suspicious transactions when they occur rather than weeks or months later.
WORKPLACE an examination of how well a company is working which is made regularly through the year rather than just at the end of the year: A well-performed continuous audit would certainly have brought to light the company's operational problems much earlier.
continuous auditing noun [U]
(Definition of continuous audit from the Cambridge Business English Dictionary © Cambridge University Press)
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