audit failure Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “audit failure” in the English Dictionary

"audit failure" in Business English

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audit failurenoun [C or U]

uk   us   ACCOUNTING
a situation in which an audit wrongly states that a company's accounts are correct when they contain mistakes or false statements: Until the audit failure has been investigated, we will not know if it was due to negligence or wrongdoing.
(Definition of audit failure from the Cambridge Business English Dictionary © Cambridge University Press)
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