external audit

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Definition of external audit in English English dictionary

<span class="word-self">externalspan> <span class="word-self">auditspan>
a review of financial statements and accounting records by an accountant not belonging to the firm
<span class="word-self">externalspan> <span class="word-self">auditspan>
An evaluation conducted by one organization, such as a CPA firm, on another
<span class="word-self">externalspan> <span class="word-self">auditspan>
Also known as third party audit A periodic process carried out by an external body, e g , National Measurement Accreditation Service (NAMAS), to check that the laboratory’s quality assurance system is effective, documented and adhered to by all staff