external audit

USAGE SUMMARY

'external audit' is a correct and usable term in written English.
It can be used to refer to an independent audit of a company’s financial records by an external accountant or firm. For example: At the end of the fiscal year, our company undergoes an external audit to make sure all financial records are accurately reported.

✓ Grammatically correct

News & Media

Science

Formal & Business

Academia

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

An external audit is performed once a year by TÜV Rheinland.

British Journal of Anaesthesia

Back to top   EXTERNAL AUDIT AND THE SINGLE AUDIT PRINCIPLE UNICEF is subject to external audit exclusively by the United Nations Board of Auditors (UNBoA) in accordance with the UNICEF Financial Regulations, established by the UNICEF Executive Board.

Unicef

Chertoff's comments are a kind of external audit of Europe's counter-terror performance.

The Guardian

Third, we must ensure that anybody who spends public money is subject to transparent external audit.

The Guardian - Opinion

In addition, NASA has been responsive to external audit reports through tighter management.

The New York Times

A recent external audit said it was "accountable to no one".

The Economist

An external audit found that community groups appeared to be left out of strategy sessions.

The New York Times

DF/HCC research is subject to external audit and inspection by regulatory authorities and sponsors.

Harvard University

Mock - An informal audit performed to assist in preparations for an external audit or inspection.

Harvard University

Prompt notification to institutional and DF/HCC officials is required whenever an external audit is expected.

Harvard University

We evaluated the glass dosimeter suitability as an external audit program in proton therapy beam.

Radiation Measurements

Expert writing Tips

Best practice

When referring to an "external audit", clearly state the scope and objectives to avoid ambiguity. For example, specify whether it's a financial audit, security audit, or compliance audit.

Common error

Don't use "external audit" when you actually mean an internal review. An "external audit" is conducted by an independent entity, while an internal audit is performed by employees within the organization.

Linguistic Context

The phrase "external audit" functions primarily as a noun phrase, often acting as the subject or object of a sentence. Ludwig AI confirms this usage through numerous examples where it describes the process or result of an independent audit.

Expression frequency: Very common

Frequent in

News & Media

35%

Science

25%

Formal & Business

20%

Less common in

Academia

15%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "external audit" is a common and grammatically sound term used to describe an independent assessment, often in financial or operational contexts. Ludwig AI's analysis, based on a wide range of sources, indicates that it's frequently used in news, science, and business settings. It's crucial to differentiate an "external audit" from an internal review, as the former is conducted by an independent entity. When using the phrase, it's best to clearly specify the scope of the audit to avoid any ambiguity. Alternatives such as "independent audit" or "third-party audit" can be used to emphasize impartiality. By adhering to best practices and avoiding common errors, you can effectively communicate the concept of an "external audit" in your writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

independent audit

Emphasizes the impartiality of the audit process.

third-party audit

Highlights the involvement of an unaffiliated entity.

outside audit

Focuses on the audit being conducted by an external organization.

independent verification

Stresses the aspect of verifying information by an external source.

compliance review

Highlights the focus on regulatory adherence.

external assessment

Broadens the scope to include overall evaluations.

objective evaluation

Focuses on the unbiased nature of the assessment.

external examination

Emphasizes a detailed scrutiny by an external body.

independent inspection

Highlights the investigative aspect of the review.

external validation

Focuses on confirming the accuracy of data or processes.

FAQs

How is an "external audit" different from an internal audit?

An "external audit" is conducted by an independent firm, providing an objective assessment. An internal audit is performed by a company's own employees to evaluate its internal controls and processes.

Why is an "external audit" important?

An "external audit" enhances credibility, ensures compliance with regulations, and identifies areas for improvement, providing stakeholders with confidence in the organization's financial reporting and operations.

What is the purpose of an "independent audit"?

An "independent audit" provides an unbiased assessment of an organization's financial statements, internal controls, and compliance with regulations. It enhances trust and transparency for stakeholders.

When should a company consider conducting an "outside audit"?

A company should consider an "outside audit" when required by law, when seeking investment, or when facing significant changes in operations or financial performance. It also improves overall governance and risk management.