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Home > QFINANCE Dictionary > Definition of general audit

Definition of

general audit


comprehensive examination of firm's accounts an examination of all books and accounts belonging to a company

Recommended Further Reading (Term count)
  • Considerations when Outsourcing Internal Audit
    by Peter Tickner
    Outsourcing the internal audit function is a major step and one that should not be taken for the wrong reasons. Wrong reasons include a personality clash between the chief internal auditor and the person taking the decision to outsource, and a decision based on the perceived ineffectiveness of an under-resourced inhouse audit team that would struggle to perform well even if the most outstanding employees in the organization were assigned to...

Definitions of ’general audit’ and meaning of ’general audit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’general audit’ and other financial terms with our online QFINANCE Financial Dictionary.

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