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English definition of “financial audit”

financial audit

noun [C]
 
 
FINANCE, ACCOUNTING
the task of checking a company or organization’s financial statements (= records and accounts) to make certain they are correct and complete, or a report that shows the results of this check: With a financial audit, a company can assure its lenders and investors that its financial position is solid. Financial audits provide independent reviews of the government's financial statements.
(Definition of financial audit from the Cambridge Business English Dictionary © Cambridge University Press)
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