Audit Department

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Dictionary Says

Definition of 'Audit Department'

A unit within a company that is responsible for overseeing the procedures and accuracy of recordkeeping and accounting functions within that company. The audit department conducts periodic audits, typically with a much greater emphasis on detail than that of a company's independent public accountants.
Investopedia Says

Investopedia explains 'Audit Department'

The audit department is usually charged with creating and implementing procedures, controls and oversight for all business areas that have input into the financial books and records of a company. It also usually has responsibility for correcting any deficiencies noted by the independent accountants.
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'Audit Department'

  • 6 Ways Mentors Elevate Your Career

    http://www.investopedia.com/articles/financialcareers/09/finance-mentors-elevate-career.asp
    ... Thus, he does not want the internal audit department to flag the division's operations
    with what he considers to be "gray area" audit findings. ...

  • IT Security Auditing

    http://www.investopedia.com/articles/financialcareers/09/it-security-auditor.asp
    ... in a more formalized way that allows students to obtain bachelor's and master's
    degrees that open doors extending well beyond the internal audit department. ...

  • The Challenging Role Of The Corporate Treasurer

    http://www.investopedia.com/articles/financial-careers/08/corporate-treasurer.asp
    ... treasury department's actions and its compliance with treasury policies must be
    assessed independently and regularly by the internal audit department and by a ...

  • Personal Income Tax Guide: Conclusion | Investopedia

    http://www.investopedia.com/university/personal-income-tax-guide/tax-guide8.asp
    ... yourself a few extra months to accumulate the money and stay in good graces with
    the IRS and your state's revenue department - and hopefully avoid an audit. ...

  • 6 Ways To Save On Your Utility Bill

    http://www.investopedia.com/articles/pf/09/save-on-utility-bill.asp
    ... your apartment manager (or landlord) to send a maintenance team member to perform
    an audit. ... According to the Department of Energy, you can save 10-15% of your ...

  • Examining A Career As An Auditor

    http://www.investopedia.com/articles/financial-careers/08/career-auditor-auditing.asp
    ... at any given time, auditors often address only specific key areas as part of the
    audit scope. ... (To learn more about the role of the auditing department within a ...

  • Energy Efficiency All-Stars

    http://stocks.investopedia.com/stock-analysis/2009/Energy-Efficiency-All-Stars-CREE-PUW-FLIR-JCI0707.aspx
    ... Through these incentives, the Department of Energy hopes to reduce emissions of
    up to 594 ... One of the best ways to undertake an energy audit involves using an ...

  • Making Sense Of The Tax Code

    http://www.investopedia.com/articles/tax/09/tax-codes-rules-regulations.asp
    ... also known as "tax regulations", are the US Treasury department's official
    interpretation of ... for the back taxes and interest if an audit later determines that ...

  • IRS Asset Seizures: Could It Happen To You?

    http://www.investopedia.com/articles/tax/09/enforced-collections.asp
    ... must contact the IRS Centralized Lien Processing Department in Cincinnati. (Learn
    more about appeals in our article How To Appeal Your IRS Audit.) Tax Levies ...

  • 10 New Year’s Resolutions To Cut Costs In Your Home ...

    http://financialedge.investopedia.com/financial-edge/0112/10-New-Years-Resolutions-To-Cut-Costs-In-Your-Home.aspx
    ... of the first things on your to-do-list should be an energy audit. ... Start Buying Energy
    Efficient Appliances According to the United States Department of Energy ...

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