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Glossary: Governance, Risk and Compliance

audit

Also written: audits, internal audit, external audit

A formal, independent check of whether an organization meets a set of criteria, such as a standard, a law or its own policies. It rests on evidence, never on someone's word alone.

Where the book teaches it

Related terms

assessmentaudit charteraudit committeesamplinginternal and external auditevidence (audit)