Outrageously Funny Word Dictionary :: Audited

👉 In accounting, an audit is a formal process by which an external auditor reviews and tests the financial statements of a company to ensure that they are accurate and complete. Auditors perform this review in accordance with Generally Accepted Accounting Principles (GAAP) for each period under review. This process helps ensure that the financial statements provided reflect the actual condition of the company, making them more reliable and useful for stakeholders.

audited