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Dictionary by pitch.dog
Audit, assurance & evidence · Core

Audit exception

Also called: exception

ELI5

An item that does not meet tested criteria.

Used in conversation

“The assurance team asked for the evidence supporting audit exception.”

Pitch context

You will see “Audit exception” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches audit, assurance & evidence.

Why it matters: In audit, assurance & evidence, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • ExceptionThe search label “exception” can route to both entries.
When the words have to travel

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Sources & evidence · 5

Direct term-level sources and supporting source families.