Limited audit

Limited audit,

Definition of Limited audit:

  1. An audit of restricted scope, typically one limited to particular accounts or covering a short period of time.

  2. Audit having a narrower scope than a full audit (see audit scope). Limited audit is usually (1) confined to certain accounts or operations, (2) is for a period less than one year, or (3) restricted to a specific purpose, such as a tax audit.

Meaning of Limited audit & Limited audit Definition