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Home > QFINANCE Dictionary > Definition of external audit

Definition of

external audit


periodic independent audit of firm's accounts a periodic examination of the books of account and records of an entity conducted by an independent third party (an auditor) to ensure that they have been properly maintained; are accurate and comply with established concepts, principles, and accounting standards; and give a true and fair view of the financial state of the entity.

Related definitions of "external audit"

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

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