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audit

Defined in 2 places across 2 titles of the United States Code.

Audit.—The term "audit" means a royalty compliance examination to verify the accuracy of royalty payments, or the conduct of such an examination, as applicable.

Source

  • 2018–202617 U.S.C. § 115Copyrights · Scope of exclusive rights in nondramatic musical works: Compulsory license for making and distributing phonorecords · as used in this section

The term “audit” means a royalty compliance examination to verify the accuracy of royalty payments, or the conduct of such an examination, as applicable.

Source

  • 2026–present17 U.S.C. § 115Copyrights · Scope of exclusive rights in nondramatic musical works: Compulsory license for making and distributing phonorecords · as used in this section

The term “audit” means an examination of the financial statements of any issuer by an independent public accounting firm in accordance with the rules of the Board or the Commission (or, for the period preceding the adoption of applicable rules of the Board under section 7213 of this title, in accordance with then-applicable generally accepted auditing and related standards for such purposes), for the purpose of expressing an opinion on such statements.

Source