financial audit Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “financial audit” in the English Dictionary

"financial audit" in Business English

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financial auditnoun [C]

uk   us   FINANCE, ACCOUNTING
the ​task of ​checking a ​company or organization’s financialstatements (= ​records and ​accounts) to make ​certain they are ​correct and complete, or a ​report that ​shows the ​results of this ​check: With a ​financialaudit, a ​company can assure its ​lenders and ​investors that its ​financialposition is ​solid. Financial ​auditsprovideindependentreviews of the government's ​financialstatements.
(Definition of financial audit from the Cambridge Business English Dictionary © Cambridge University Press)
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