external audit

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Also found in: Legal, Financial.

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 ?
The Department of Transportation on Wednesday said it is not accepting the train coaches for MRT-3 from a China-based firm until the independent audit is done.
Tenders are invited for Airport with independent audit services
ISLAMABAD -- The joint committee of the Securities and Exchange Commission of Pakistan (SECP) and Institute of Chartered Accountants of Pakistan (ICAP), formed to prepare recommendations for establishing an independent audit oversight set up for public interest company auditors in Pakistan
This article in particular concerns independent audit requirements.
We persuaded the New York Stock Exchange to require independent audit committees for their listed companies.
The Sky News website said today that Marks & Spencer was launching an independent audit and quoted a spokesman as saying the firm was taking it "very, very seriously".
The independent audit, conducted by Education Resource Strategies, will examine the potential for savings and efficiencies in operating the district and will propose long-term strategies for controlling costs.
The independent audit committee provides oversight of the financial reporting process while the independent auditor provides an outside opinion on the fairness of the financial statements.
In Northern Ontario, two of the major forest companies that have chosen FSC as an independent audit for their forests are Tembec and Domtar.
General Synod has asked a leader in the area of gift planning and annual giving in Canada to conduct an independent audit of the Anglican Church of Canada's annual fundraising programs to look at ways of improving the way Canadian Anglicans are approached for donations.
Generally, they call for (1) mandatory independent audits based on organization size, (2) independent audit committees with financial expertise, (3) governing board review (including executive compensation review), (4) whistle-blower provisions and (5) certification of financial statements.
The paper provides the FLS Committee's initial observations and views concerning forensic accountants' services, including involvement with the independent audit team to increase financial statement audit effectiveness and execute accounting-related fraud investigations.

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