internal audit

noun

1. an audit conducted by company accountants on a regular basis (independent audit ).

Example Sentences

Schiraldi’s suit against Deutsche Bank, filed in Frankfurt, accuses Deutsche Bank’s chief executive officer, Christian Sewing, of overseeing an unreliable internal audit that became a central part of the case against those six former employees.

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But the internal audit did cause the delay of financial reports for three consecutive quarters in 2024 as well as for the first quarter of 2025.

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A 2015 report from an internal audit by a CBP advisory council said that “arrests for corruption of CBP personnel far exceed, on a per capita basis, such arrests at other federal law enforcement agencies.”

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The internal audit found, for example, that "in a sample of 34 tested credit card transactions, supporting invoices/receipts were not available for nine transactions".

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The investigation by the EA was prompted by an internal audit of the school for 2023-24, which identified a number of issues, including a "lack of authorisation for purchases using school credit cards" and "risk of financial errors and financial loss".

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