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LSDefine

Simple English definitions for legal terms

audit

Read a random definition: contribution clause

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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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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