internal audit

noun

Definition of internal audit

1 : a usually continuous examination and verification of books of account conducted by employees of a business contrasted with independent audit
2 : a review of systems of internal check and internal control of a business

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First Known Use of internal audit

1915, in the meaning defined at sense 2

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The first known use of internal audit was in 1915

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Cite this Entry

“Internal audit.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/internal%20audit. Accessed 10 December 2019.

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