audits
n. countablen. official examinations of a person's or company's financial records to make sure they are correct. They can also be careful checks of how a system or process is working.
n. systematic and independent examinations of books, accounts, statutory records, documents and vouchers of an organisation. Often used to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the entity.
The company performs internal audits every six months.
After the accounting error was discovered, the government ordered a series of thorough audits of the firm's tax returns.
Rigorous financial audits are essential for maintaining investor confidence, as they provide an objective assessment of a corporation's fiscal health and compliance with international reporting standards.
Often used in the plural when referring to a general practice or a series of inspections.