endurskoðunarhæft
Endurskoðunarhæft is an Icelandic term that translates to "auditable" or "subject to audit" in English. It refers to a state where something, such as financial records, processes, or data, can be reviewed and examined by an independent party to ensure accuracy, compliance, and integrity. The concept is central to good governance, financial transparency, and risk management across various sectors.
In the context of accounting and finance, endurskoðunarhæft means that financial statements, transactions, and supporting documentation
Beyond finance, the principle of being endurskoðunarhæft extends to other areas. For example, IT systems can