Auditably

Auditably means in a way that can be verified or examined for accuracy and truthfulness. It implies the availability of sufficient evidence, documentation, and processes to validate the reported information. This often relates to financial records, accounting procedures, data integrity, and legal compliance, ensuring transparency and accountability. Actions done auditably suggest reliability and trustworthiness, allowing for independent scrutiny to confirm adherence to established standards or regulations. It's crucial for building trust, mitigating risks, and preventing fraud or errors.

Auditably meaning with examples

• The company ensured its financial statements were prepared auditably, with clear documentation and supporting evidence for all transactions. This allowed independent auditors to easily verify the accuracy of the reported figures, fostering confidence among stakeholders and demonstrating sound financial practices. This process protects against accusations of any wrong doing in financial dealings.
• To maintain its certifications, the organization conducted its operations auditably, maintaining a detailed record of every process and decision. This included regular internal audits and external assessments to guarantee consistent compliance with relevant industry standards and regulations. This kept the operation in step with best practices and industry needs.
• The software development team worked auditably, using version control and detailed comments to explain code changes. This allowed other developers to understand the evolution of the software and facilitated the identification and correction of bugs. It also helped with any type of audits and investigations in the system.
• The project manager managed the project auditably, with every change order documented and approved, along with complete records of expenses and outcomes. This comprehensive approach allowed the stakeholders to track the project's progress and costs effectively, ensuring transparency and accountability throughout the project lifecycle. All data was auditable.