The phrase "audits failed" is correct and usable in written English.
It can be used to indicate that one or more audits did not meet the required standards or were unsuccessful.
Example: "The financial reports were concerning, as the audits failed to identify several discrepancies."
Alternatives: "audits were unsuccessful" or "audits did not pass".
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.
The court found, however, that once the merger agreement was signed, Akorn canceled regular compliance audits, failed to maintain a functioning data integrity system, instructed its IT department not to devote any resources to data integrity projects and submitted regulatory filings based on fabricated data, all of which violated the ordinary course of business covenant.
Detailed investigations into the fraud, which went unnoticed despite four annual audits, failed to trace more than £660,000 of stolen public funds, the court heard.
The key data source used in rich countries to study tax evasion is random tax audits – but these audits do not capture tax evasion by the very wealthy, because few of them are audited, and because random audits fail to detect sophisticated forms of evasion involving shell companies and hidden accounts.
However extensive the work, the audit failed to uncover the essential truth: the assets were fake.
In a culture that investors might prefer, a Deloitte partner whose audit failed to pass muster with the board might find that his career prospects had worsened, as others who did better audits were promoted.
A D.C. Council member who assured the public last month that he had "completely accounted for and properly reported" campaign contributions at the center of a city audit failed to meet the deadline and has been ordered to pay $5,100 in fines.
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.
Auditing firms have argued that the required rotation in Italy produced inferior audits and failed to aid the discovery of financial frauds.
But in case after case, the audits have failed to prevent major outbreaks.
