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Glossary of Grant Writing and Non-Profit Terms
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A examination of an agency’s accounting documents by an outside expert. Upon review, the expert prepares an opinion as to consistency and conformity with Generally Accepted Accounting Principals. Audits are generally conducted after the end of the fiscal year. Some grant programs require an audit of grant funds at the end of the project.
The following video provides you with the correct English pronunciation of the word "Audit (Financial)", to help you become a better English speaker.