Library / English Dictionary

AUDITED ACCOUNT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An inspection of the accounting procedures and records by a trained accountant or CPA

Synonyms:

audit; audited account

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("audited account" is a kind of...):

accounting; accounting system; method of accounting (a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts)

Meronyms (parts of "audited account"):

bottom line (the last line in an audit; the line that shows profit or loss)

Hyponyms (each of the following is a kind of "audited account"):

financial audit (an attestation that the client's financial statement is accurate)

limited audit (an audit of limited scope (limited in time span or confined to particular accounts etc.))

Credits