Regular audit definition
Regular audit means the annual or biennial audit, as the case may be, required by law.
Regular audit. Review of fiscal documentation and records. No Opinion Letter on Internal Controls. Management Letter with suggestions is written. Required based on partner’s budget/revenues of $100,000 and above.
Examples of Regular audit in a sentence
Article 10 (1) 1) Regular audit or assessment may include review or acceptance of audits done by recognized parties.
Regular audit of the implementation of the recommended mitigation measures during the construction phase at the work areas should also be undertaken during the construction phase to ensure the recommended mitigation measures are properly implemented.
Regular audit during construction phase is recommended to ensure the effectiveness of implementation of recommended mitigation measures.