preaudit

preaudit
/pree aw"dit/, n. Accounting.
an examination of vouchers, contracts, etc., in order to substantiate a transaction or a series of transactions before they are paid for and recorded.
Also, pre-audit. Cf. postaudit.
[1935-40; PRE- + AUDIT]

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Universalium. 2010.

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Look at other dictionaries:

  • Preaudit — An accounting practice used prior to the official examination of the accuracy of an organization s financial statements. This preliminary phase of an audit is used to establish the scope of the audit and any special areas of concern. It is also… …   Investment dictionary

  • preaudit — pre·audit …   English syllables

  • preaudit — pre•au′dit n …   From formal English to slang

  • preaudit — noun Etymology: pre + audit : an audit made prior to the final settlement of a transaction contrasted with postaudit * * * /pree aw dit/, n. Accounting. an examination of vouchers, contracts, etc., in order to substantiate a transaction or a… …   Useful english dictionary

  • postaudit — (ˈ) ̷ ̷+ noun Etymology: post + audit : an audit made subsequent to the final settlement of a transaction contrasted with preaudit * * * /pohst aw dit/, n. Accounting. an audit of accounting records, conducted at some interval of time after a… …   Useful english dictionary

  • postaudit — /pohst aw dit/, n. Accounting. an audit of accounting records, conducted at some interval of time after a transaction or a series of transactions has already occurred. Also, post audit. Cf. preaudit. [POST + AUDIT] * * * …   Universalium

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