Dictionary of Business Terms: complete audit
complete audit
audit examining a company's system of internal control and the details of the books of account, including subsidiary records and supporting documents.
Dictionary of Finance and Investment Terms: complete audit
complete audit
usually the same as an unqualified audit, because it is so thoroughly executed that the auditor's only reservations have to do with unobtainable facts. A complete audit examines the system of internal control and the details of the books of account, including subsidiary records and supporting documents. This is done with an eye to locality, mathematical accuracy, accountability, and the application of accepted accounting principles.
