Sentence examples for mandatory audit from inspiring English sources
The phrase "mandatory audit" is correct and usable in written English
It can be used in contexts where an audit is required by law, regulation, or policy. Example: "The company must undergo a mandatory audit to ensure compliance with financial regulations."
This means closer regulation, mandatory audit trails, regular reporting and greater public access to nonsensitive records.
Mandatory audit firm rotation has been considered at various times since the 1970s.
Considering mandatory audit rotation is one of three changes in auditing practice that the board is considering.
report, issued in 2003, found that "mandatory audit firm rotation may not be the most efficient way to enhance auditor independence and audit quality".
The regulatory body, the Public Company Accounting Oversight Board, voted unanimously to seek comment over the next four months on a concept known as mandatory audit firm rotation.
However, accountants demanded compensation for the added accountability: the policy led to a 13% increase in audit fees.Conspicuously absent from the American proposals is the idea that would most incense the industry: mandatory audit rotation.
British officials are also saying no to mandatory audits of efficiency, which the European Commission argues are needed to ensure the targets are being met.
The advent of mandatory audits exacerbated this hazard, because auditors no longer needed to provide value to investors in order to induce companies to buy their services.
There should then be mandatory audits of a significant number of these paper records to ensure that the results tallied on the voting machines match the votes recorded on paper.
In 1933, during a hearing on a law that helped establish mandatory audits, an industry spokesman told Congress that auditors were fully independent from the accounting staffs of their clients.
Democrats introduce an election security bill that proposes paper trails and mandatory audits.
