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LSDefine

Simple English definitions for legal terms

double audit

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A quick definition of double audit:

A double audit is when two independent auditors examine the same subject separately. An audit is a formal examination of an individual's or organization's accounting records, financial situation, or compliance with some other set of standards. A double audit provides an extra layer of assurance that the subject being audited is accurate and reliable.

A more thorough explanation:

A double audit is when two independent auditors perform an audit of the same subject separately. An audit is a formal examination of an individual's or organization's accounting records, financial situation, or compliance with some other set of standards.

For example, a company may hire two different auditing firms to perform a double audit of their financial statements. This helps to ensure that the financial statements are accurate and reliable, as any discrepancies or errors will be caught by both auditors.

Another example of a double audit is when two different regulatory agencies conduct an audit of the same organization to assess compliance with laws and regulations. This helps to ensure that the organization is following all necessary rules and regulations.

Overall, a double audit provides an extra layer of assurance and helps to increase the accuracy and reliability of the audit results.

double assessment | double-bill

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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