Business Continuity & Business Compliance Terms (Cont. 1)

Compliance Certification or confirmation that the doer of an action (such as the writer of an audit report), or the manufacturer or supplier of a product, meets the requirements of accepted practices, legislation, prescribed rules and regulations, specified standards, or the terms of a contract. Copyright©2009 BusinessDictionary.com Compliance audit Audit undertaken to confirm whether a firm is following the terms of an agreement (such as a bond indenture), or the rules […]

Compliance Certification or confirmation that the doer of an action (such as the writer of an audit report), or the manufacturer or supplier of a product, meets the requirements of accepted practices, legislation, prescribed rules and regulations, specified standards,...

Business Continuity & Business Compliance Terms

Audit: au·dit (ôdt) n. 1. An examination of records or financial accounts to check their accuracy. 2. An adjustment or correction of accounts. 3. An examined and verified account. v. au·dit·ed, au·dit·ing, au·dits v.tr. 1. To examine, verify, or correct the financial accounts of: Independent accountants audit the company annually. The IRS audits questionable income […]

Audit: au·dit (ôdt) n. 1. An examination of records or financial accounts to check their accuracy. 2. An adjustment or correction of accounts. 3. An examined and verified account. v. au·dit·ed, au·dit·ing, au·dits v.tr. 1. To examine, verify, or correct the financial...

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