internal audit

American  

noun

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

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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.

From MarketWatch • Nov. 25, 2025

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.

From Barron's • Nov. 20, 2025

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.”

From Los Angeles Times • Jul. 18, 2025

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".

From BBC • Jun. 30, 2025

The internal audit department in every financing institution - and the external audit exercised by the appropriate supervision authorities are responsible to counter the natural human propensity for gambling.

From After the Rain : how the West lost the East by Vaknin, Samuel