The phrase "audited firm" is correct and usable in written English.
It can be used to refer to a company or organization that has undergone an audit, typically for financial purposes, to ensure compliance with regulations and standards.
Example: "The audited firm provided a detailed report of its financial activities for the year."
Alternatives: "audited company" or "audited organization".
Such data shall be confidential and shall not be accessible or provided by the group of agencies sharing cost data under this subparagraph, except by written permission of the audited firm.
Such data shall be confidential and shall not be accessible or provided, in whole or in part, to another firm or to any government agency which is not part of the group of agencies sharing cost data under this paragraph, except by written permission of the audited firm.
These qualifications can be grouped into those that can be avoided by the audited company, a category comprising errors and non-compliance with GAAP and scope limitations imposed by the audited firm, and unavoidable qualifications (Teoh 1992), which are those attributable to the rest of scope limitations and uncertainties.
They should be interpreted as warning remarks, that is, the information should be analyzed with caution since: (a) the company is exposed to potential risks whose effect depends on future (and therefore uncertain) events; or (b) some aspects could not be examined by the auditor due to causes which are not attributable to the audited firm.
If you have accumulated more than $1 million or more in investable assets, we recommend working exclusively with money managers who can provide audited results which are verified by an independent auditing firm.
"Smart contracts are coded by developers and audited by security auditing firms, but the quality of smart contract coding and auditing varies drastically among service providers," said Wan, the chief executive of Sagewise, in a statement.
Notably, companies governed under this category only need to produce two years of audited financial statements when filing for an IPO (normal rules require three years); they are exempted from Dodd-Frank rules giving shareholders a non-binding vote on executive compensation; and are freed from the requirement of hiring an outside auditing firm to check internal financial controls.
All audit firms have risk groups that review new business, including the quality of the company to be audited, and that decide that some prospective clients are not worth the risks.
Other final recommendations from the Treasury panel called for larger auditing firms, which are private companies, to provide public annual reports containing "relevant firm information," as well as nonpublic audited financial statements, to the oversight board.
If auditing firms themselves had to be changed every few years, it would go a long way toward making auditors genuinely independent.By requiring that all companies listed on public stock exchanges file audited financial reports, governments around the world have given accounting firms not only a unique franchise, but a public mandate.
As a result of gradual shifts in the market for audit services, we expect financially stressed public companies to be increasingly audited by regional firms, who, in turn, will be increasingly likely to issue going concern reports to their financially stressed public companies.
