auditable

English translation: available for audit until 2026 (after which parties waive their rights to challenge the accounting)

12:13 Feb 26, 2007
English language (monolingual) [PRO]
Bus/Financial - Business/Commerce (general) / data privacy
English term or phrase: auditable
XXXX - 163,000 personal records compromised, $15 million fine, auditable until 2026

this is a summary of an article on a US company (unfortunately I don't have the full article). I know the usual meaning of the word auditable, but here the context is rather starnge, could it refer to the fact that he will be under some controlled accountability system until 2926??
Elena Ghetti
Italy
Local time: 17:26
Selected answer:available for audit until 2026 (after which parties waive their rights to challenge the accounting)
Explanation:
[PDF] SCHOOL BOARD OF BROWARD COUNTY, FL INTERNAL FUNDS ACCOUNTING ...File Format: PDF/Adobe Acrobat - View as HTML
applicable and auditable until all tickets have been sold and audited or the ticket. inventory destroyed. B. It is strongly recommended ALL Perpetual Ticket ...
www.broward.k12.fl.us/comptroller/pdfs\Treasury\Internal Ac... - Similar pages

[PDF] 16i. Commonwealth Service RequestFile Format: PDF/Adobe Acrobat - View as HTML
requests remain active and auditable until completed and closed by the responsible service. delivery component. 16i.1.3. Service Request Intake ...
www.vsp.state.va.us/downloads/STARSContract/Section 16i - C... - Similar pages
Selected response from:

Deborah Workman
United States
Local time: 11:26
Grading comment
thanks to all who answered
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
5passível de auditoria
airmailrpl
3 +2available for audit until 2026 (after which parties waive their rights to challenge the accounting)
Deborah Workman
4subject to audit
Adam Burman
4accessible for audit for the retention period as regulated by law (that is, 20 years)
ErichEko ⟹⭐
3auditable till 2026
Seema Ugrankar


  

Answers


3 hrs   confidence: Answerer confidence 5/5
passível de auditoria


Explanation:
Audit
From Wikipedia, the free encyclopedia
Jump to: navigation, search
For other uses, see Audit (disambiguation).
An audit is an evaluation of an organization, system, process, project or product. In accounting, an audit is an independent assessment of the fairness by which a company's financial statements are presented by its management. It is performed by competent, independent and objective person or persons, known as auditors or accountants, who then issue a report on the results of the audit.

Audits are performed to ascertain the validity and reliability of financial information, and also provide an assessment of a company or a business' system of internal control. Such systems must adhere to generally accepted standards set by governing bodies that regulate businesses. An audit is based on random sampling and is not an assurance that financial statements are free from errors. It simply provides assurance for third parties or external users that such statements present 'fairly' a company's financial condition and results of operations.

Auditing is a part of some quality control certifications such as ISO 9000
http://en.wikipedia.org/wiki/Audit

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Note added at 4 hrs (2007-02-26 16:59:38 GMT)
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Sorry. confused the language pair. They are probably indicating that the time line for auditing will be extended until 2026 because 163,000 customer's personal records were compromised

airmailrpl
Brazil
Local time: 12:26
Meets criteria
Works in field
Native speaker of: Native in EnglishEnglish, Native in PortuguesePortuguese
PRO pts in category: 33
Notes to answerer
Asker: Thanks airmailrpl, I am looking for an English to English explanation. I know what audits are, but in a certain sence all companies are "passível de auditoria" by government, why did they mention this for this company in particular? this was my doubt

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5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
auditable till 2026


Explanation:
The personal records could be audited till 2026.

Seema Ugrankar
India
Local time: 20:56
Does not meet criteria
Specializes in field
Native speaker of: Native in GujaratiGujarati, Native in HindiHindi
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10 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
subject to audit


Explanation:
This is my understanding of the meaning here. I do agree that the context is a bit odd.

An option!

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Note added at 10 hrs (2007-02-26 22:16:04 GMT)
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In this case, an audit may refer to the examination of compliance with applicable terms, laws, and regulations.

HTH


Adam Burman
United Kingdom
Local time: 16:26
Does not meet criteria
Specializes in field
Native speaker of: English
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15 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
available for audit until 2026 (after which parties waive their rights to challenge the accounting)


Explanation:
[PDF] SCHOOL BOARD OF BROWARD COUNTY, FL INTERNAL FUNDS ACCOUNTING ...File Format: PDF/Adobe Acrobat - View as HTML
applicable and auditable until all tickets have been sold and audited or the ticket. inventory destroyed. B. It is strongly recommended ALL Perpetual Ticket ...
www.broward.k12.fl.us/comptroller/pdfs\Treasury\Internal Ac... - Similar pages

[PDF] 16i. Commonwealth Service RequestFile Format: PDF/Adobe Acrobat - View as HTML
requests remain active and auditable until completed and closed by the responsible service. delivery component. 16i.1.3. Service Request Intake ...
www.vsp.state.va.us/downloads/STARSContract/Section 16i - C... - Similar pages


Deborah Workman
United States
Local time: 11:26
Does not meet criteria
Specializes in field
Native speaker of: English
PRO pts in category: 28
Grading comment
thanks to all who answered

Peer comments on this answer (and responses from the answerer)
agree  Finlegal (X): Definitely the right meaning: available for audit until 2026
3 days 15 hrs
  -> Thanks, Mirela!

agree  airmailrpl: -available for audit until 2026
3 days 21 hrs
  -> Thanks, airmailrpl!
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1 day 14 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
accessible for audit for the retention period as regulated by law (that is, 20 years)


Explanation:
I guess the "auditable" records are records of 2006 transactions. It becomes a best practice for countries to impose 20 or 25 years retention period for financial records during which the records must be made accessible for audit purposes. When a record has passed this legal retention requirement, the owner is free to destroy it.

Sample:
http://www.pabulletin.com/secure/data/vol35/35-13/35_13_rr.p...
The Pennsylvania Public Utility Commission (Commission) on January 13, 2005, adopted a final omitted rulemaking order which amends existing regulations regarding the record retention period for jurisdictional electric and gas utilities by inserting a 20-year retention period for ‘‘journal vouchers and journal entries’’ that was
inadvertently omitted ....


ErichEko ⟹⭐
Indonesia
Local time: 22:26
Meets criteria
Specializes in field
Native speaker of: Native in IndonesianIndonesian
PRO pts in category: 26
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