Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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)
What is the pronunciation of continuous audit?
Add Cambridge dictionaries to your browser to your website

Word of the Day

ellipsis

a situation in which words are left out of a sentence but the sentence can still be understood

Word of the Day

Euphemisms (Words used to Avoid Offending People)

by Kate Woodford,
March 04, 2015
​​​ We recently looked at the language that we use to describe lies and lying. One area of lying that we considered was ‘being slightly dishonest, or not speaking the complete truth’. One reason for not speaking the complete truth is to avoid saying something that might upset or offend people. Words and

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More