continuous audit Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “continuous audit” in the English Dictionary

"continuous audit" in Business English

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continuous auditnoun [C or U]

uk   us  
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]
The need to ​improve and ​accelerateauditactivities has ​led in ​part to the ​increasedadoption of continuous ​auditing as a vital ​monitoringtool.
(Definition of continuous audit from the Cambridge Business English Dictionary © Cambridge University Press)
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“continuous audit” in Business English

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