external audit


A thorough review of ledgers and other accounting records of a company by accounting professionals not employed by that company, in order to verify that the accounting records are accurate and complete. An external audit may be performed in order to confirm internal audit findings, or to check for inaccurate or illegal accounting practices.

Use external audit in a sentence

You may want to bring someone else on before your external audit to check up on things so you know you will pass.

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Prior to granting my company a loan the bank required an external audit by a qualified firm of Certified Public Accountants.

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After a series of suspicious moves by the accounting department, the state regulatory agency ordered an external audit of the company's books before any government deals could be made.

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external account audit committee