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LSDefine

Simple English definitions for legal terms

audit

Read a random definition: ex bonis

A quick definition of audit:

An audit is like a check-up for a person or a company's money and records. It's when someone looks closely at everything to make sure it's all correct and follows the rules. The word "audit" can also be used as a verb, which means to do the check-up.

A more thorough explanation:

Definition: An audit is a formal examination and verification of an individual’s or organization’s records and accounts, finances, or compliance with a set of standards. To audit is the act of conducting the formal examination and verification.

Example: A company hires an external auditor to review their financial statements and ensure that they are accurate and comply with accounting standards. The auditor examines the company's financial records, such as bank statements, invoices, and receipts, to verify that the information presented in the financial statements is correct.

Explanation: In this example, the company is undergoing an audit to ensure that their financial records are accurate and comply with accounting standards. The external auditor conducts a formal examination of the company's financial records to verify that the information presented in the financial statements is correct.

attractive nuisance doctrine | audit committee

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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