LIMITED AUDIT

Narrowed-scope audit. Contrast to a full audit. Refer to audit scope. Typically (1) restricted to specific accounts or operations, (2) scoped to cover less than one year, or (3) bound to a clearly stated purpose, like a tax audit.

More On This Topic



Link to This Definition
Did you find this definition of LIMITED AUDIT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary