limited audit

41

Definition of limited audit

An audit which is limited to a particular time span (usually less than a year) or accounts or operation is known as limited audit. Scope of limited audit is less wide compared to full audit. Legal compliance is not mandatory for a limited audit.

Examples of limited audit are: Interim audit, Tax audit, Compliance audit etc.

Was this definition helpful ?

NO

Thanks for your Feedback

Your opinion counted earlier, Thanks