ongoing-audit

Vocabulary Word

Definition

An 'ongoing-audit' is a systematic, independent examination of a company's finance and business operation, taking place regularly over a period of time.

Examples in Different Contexts

In IT security, an 'ongoing audit' is the regular monitoring and evaluation of systems to protect against security breaches. An IT security manager might say, 'Through ongoing audits, we continuously assess our network's security posture to guard against evolving cyber threats.'

Practice Scenarios

Tech

Scenario:

With the rise in cyber threats, ensuring our network security is more critical than ever. We need constant vigilance.

Response:

Absolutely. An ongoing audit of our network controls will help to keep our systems secure from cyber threats.

Public-Policy

Scenario:

We have seen a surplus in our budget this quarter. It's important we maintain a detailed record to ensure proper allocation.

Response:

An excellent idea. Through an ongoing audit, we can keep track of surplus funds and plan for strategic allocation.