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1. What is an audit? 2. What is does noncompliance mean?

1. What is an audit?

2. What is does noncompliance mean?
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Answer #1

1. an official inspection of an organization's accounts, typically by an independent body.

An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view .

2. failure to act in accordance with a wish or command.

"non-compliance with the formal requirements".

failure or refusal to comply with something (such as a rule or regulation) : a state of not being in compliance terminated for noncompliance.

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