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LSDefine

Simple English definitions for legal terms

periodic audit

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A quick definition of periodic audit:

A periodic audit is a regular examination of an individual or organization's financial records, compliance with regulations, and overall current condition. It is conducted at set intervals to ensure that everything is in proper order. This type of audit helps to identify any potential issues and allows for corrective action to be taken before they become major problems. It is like a check-up for a company or person's financial health.

A more thorough explanation:

A periodic audit is a type of examination that is conducted at regular intervals to assess the current condition of a company. It is a formal process that involves reviewing an individual's or organization's accounting records, financial situation, or compliance with a set of standards.

For example, a company may conduct a periodic audit of its environmental-management programs to ensure that it is complying with environmental regulations. Another example is an internal audit performed by an organization's personnel to ensure that internal procedures, operations, and accounting practices are in proper order.

Periodic audits are important because they help companies identify areas where they need to improve and ensure that they are complying with relevant laws and regulations. By conducting regular audits, companies can also prevent fraud and other financial irregularities.

periodic alimony | periodic estate

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BulbasaurNoLikeCardio
12:54
I hate that Vanderbilts portal gives no status
HopefullyInLawSchool
12:54
@VolatileClumsyAcolyte: did you apply YM to Brooklyn?
JumpySubsequentDolphin
12:57
@SplitterusClitterus: THEY BETTER HAVE AN A WAVE TODAYYY
glovediedthisishismom
12:57
kendrick lamar
glovediedthisishismom
12:57
album
JumpySubsequentDolphin
12:57
I think usually they release at like 1ish?
JumpySubsequentDolphin
12:57
@glovediedthisishismom: GNXXXX
babycat
12:59
I heard if you apply YM at Brooklyn specifically it’s the equivalent of like a 5 LSAT point boost
HopefullyInLawSchool
13:00
^^^^This
13:00
does anyone have any information on lsu? I have only heard of 1 person getting a decision and its driving me insane
HopefullyInLawSchool
13:01
Just info on their YM applications but nothing else
HopefullyInLawSchool
13:02
@BeFree03:
13:04
yeah thats all i am seeing as well. i have literally looked everywhere trying to find at least a time of day for decisions but theres nothing
CuriousPanda2362
13:04
I feel like it’s the calm before the storm
CuriousPanda2362
13:05
Big movement are bound to happen soon but it’s so eerily quiet
HopefullyInLawSchool
13:05
^^^^Me taking a dookie
CuriousPanda2362
13:05
Lmao
babycat
13:06
Ehh I think schools will prob release information on their YM applicants first before they even get to RD
babycat
13:06
I wouldn’t expect RD applicants to hear anything until after Thanksgiving bc they prioritize YM so heavily
HopefullyInLawSchool
13:06
I heard theyll do that at LSU but not 100% sure
2big2fail
13:09
berkeley status checker is so funny
13:11
berk today will be Huge if it happens
2big2fail
13:12
i think berkeley next wave will be in december
13:13
that is probable i just have a funny where i say “berk today” every single day
2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
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