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

roost

When birds roost, they go somewhere to rest or sleep.

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More