NotAudited

NotAudited refers to the status of a record, report, dataset, or process that has not undergone an audit or independent verification. In accounting and governance, it indicates that the item has not received external assurance or formal internal audit procedures. The designation is often used in financial statements, compliance dashboards, and data quality workflows to signal that verification is pending or not applicable at a given time.

NotAudited items may include preliminary figures, controls, or datasets awaiting audit procedures, review, or approval. The lack of audit assurance means such items carry higher uncertainty and should be treated with caution in decision-making. NotAudited is distinct from audited, which has undergone formal examination, and from unaudited, which may refer to statements prepared without an audit but not necessarily flagged as not audited. In practice, NotAudited can be a temporary status in reporting cycles or an ongoing designation in systems where some components are exempt from audit or are regularly audited on a different schedule.

Examples include quarterly revenue line items NotAudited pending external audit, or a software compliance report with NotAudited controls awaiting validation. The usage of the term should be accompanied by related notes describing scope, exemptions, and timelines for audit.

See also: Audit, Unaudited, Audited financial statements, Internal controls, Data quality.