external audit


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ex·ter·nal au·dit

(eks-tĕr'năl aw'dit)
A verification of health care records by someone outside the organization to be sure that the health care facility is maintaining professional standards.
References in periodicals archive ?
This is the latest external audit client win for the specialist not-for-profit division at Beever and Struthers, headed by partner Maria Hallows.
Furthermore, as a result of increasing their investment in internal auditing, companies have sought ways to reduce external audit fees by substituting internal audit work.
Recent events strongly suggest that it is now time to once again expand the external audit function to include an entirely new audit section--an external review of a company's traceability system.
The IRS has discretion to waive an external audit requirement in three circumstances.
BUSINESS AS USUAL: Customers at a branch of the AIB, which has announced its external audit is being put out to tender
Proposals to cut staff have been made in order to reduce expenditure, but this has met with opposition from trade unions which have demanded an external audit before they negotiate on anything.
Supervisory guidance is provided on the independence of accountants who provide institutions with both internal and external audit services.
The Office of the Comptroller of the Currency recently released guidance clarifying issues concerning its supervision of national banks' audit programs, including reviews of external audit programs, key independence issues affecting outsourced internal audit activities, and responsibilities of audit committees.
Although the district is still required to undergo an annual external audit, the new post will help maintain proper accounting methodology, and ensure compliance with state rules and regulations.
Corporate Executive Board (NASDAQ: EXBD) announced today that a recent study on external audit fees conducted by the Finance Leadership Exchange (FLEx) - a Corporate Executive Board program for CFOs at midsized companies - found that recent promises of lower rates at mid-tier audit firms have not materialized.
Prior Information Notice: Provision of external audit services to ecmwf for the financial years 2016-2019.
The most pronounced changes include a heightened emphasis on the independence of the external audit, a greater separation between audit and consulting work and the growth of compliance-related consulting services.

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