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

How much remains on that loan has not been made public, but an internal audit reviewed by The Times indicates it may be as much as $780 million.

From Los Angeles Times • Jan. 11, 2026

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

According to The Times investigation, there were a series of firings, turmoil and a “culture of fear” at WWU’s internal audit office.

From Seattle Times • May 18, 2024

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