The phrase "audit failed" is correct and usable in written English.
It can be used in contexts where an examination or review of financial records or processes did not meet the required standards or expectations.
Example: "The recent financial audit failed due to discrepancies in the accounting records."
Alternatives: "audit unsuccessful" or "audit not passed".
Referring to "back of house" (BOH) staff and kitchen porters (KP) it read: "Morning, "Due to recent EHO contact and receiving two 1 star ratings along with an increase in food safety audit fails.
For instance, the audits failed to uncover any documents in diocesan files pertaining to Father Greene, something that Bishop Boyce described as "incredible".
Instead, they indicate that the auditing firms either had conflicts of interest that prevented them from doing an independent audit or that those audits failed to do the work needed to qualify as acceptable.
While Ernst settled the shareholder suit, it said it would fight new charges by the Ontario Securities Commission that the audit firm failed to follow proper audit procedures.
But the fact that the audit process failed to highlight developing problems in the banking sector does cause us to question exactly how useful audit currently is".
HONG KONG — Hong Kong's securities regulator has taken Ernst & Young to court after the audit firm failed to turn over accounting records related to a company based in mainland China.
It is not yet clear why Enron's audit committee failed so completely, but questions are being raised about the conflicts of interest of some of its members.Enron made substantial donations to the political campaigns of Phil Gramm, the senator husband of Wendy Gramm, the audit committee's chairman, as well as to a charity supported by Mrs Gramm.
The purely quantitative models used by Audit Integrity failed to screen for and subsequently eliminate the significant impact of fresh start reporting on Federal-Moguls 2008 financial results.
Auditing firms have argued that the required rotation in Italy produced inferior audits and failed to aid the discovery of financial frauds.
