N.Y. Comp. Codes R. & Regs. tit. 10 § 451.29
Current through Register Vol. 46, No. 45, November 2, 2024
(a) The examination of contracts, orders and other original documents for the purpose of substantiating individual transactions before their settlement.(b) Any systematic investigation or appraisal of procedures or operations for the purpose of determining conformity with prescribed criteria; the work performed by an internal auditor.(c) Auditing. An exploratory, critical review, by a public accountant, of the underlying internal controls and accounting records of a business enterprise or other economic unit, precedent to the expression by him of an opinion of the propriety ("fairness") of its financial statements.N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.29