Definition of "Audit"
Examination of the financial records of a business to uncover errors and other irregularities. Involves looking at source documents to determine the legitimacy of transactions. An evaluation of internal control is also made. A unit of the business, such as a division or department, may also be investigated to determine if there is adherence to the company's procedures and operations and to corporate policy. A compliance audit determines whether the company is complying with specified rules and regulations.
Popular Real Estate Terms
Any property, tangible or otherwise, except real estate. For example, furniture or automobiles. ...
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Legal dictate that must exist for property to be owned as joint tenants. ...
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Meaning or definition given to an act, fact. Or thing through legal or juridical interpretation. ...
Rainwater pipe attached to a roof gutter channeling the run off down and away form the building. ...
Borrower's right to redeem his property by immediately paying off the loan balance and any related costs. ...
Individual who by his expertise, education, and experience prepares syndication reports. ...
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