audit

(noun)

An independent review of records and activities to assess system controls, to ensure compliance with established policies and procedures, and to recommend changes in controls, policies, or procedures.

Related Terms

  • responsibility

Examples of audit in the following topics:

  • Project Management Audits

    • Like a project management audit, a quality audit is an external verification that a project is compliant with regulations and standard.
    • A system of quality audits verifies the effectiveness of a quality management system.
    • Audits in project management also include regulatory audits to provide external verification that a project is compliant with regulations and standards.
    • Best practices of auditing dictate that a regulatory audit must be accurate, objective, and independent while providing oversight and assurance to the organization.
    • Project managers benefit from periodic auditing in two broad ways.
  • Social Responsibility Audits

    • Social responsibility audits are a process of evaluating a corporation's social responsibility performance.
    • As with financial audits, social responsibility audits involve accounting processes.
    • The lack of clearly defined standards makes social audits different from financial audits, for which there are generally accepted standards.
    • One metric that might be tested in a social responsibility audit is worker conditions in the company's plants.
    • Apply the general concept of auditing to the larger framework of social responsibility within organizations
  • Total Quality Management (TQM)

    • Appraisal costs include costs associated with conducting quality audits and the inspection and testing of raw materials, work-in-process, and finished goods.
  • Types of Organizational Branding Deliverables

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