| Lexeme: |
transaction review
Very Rare (0.01)
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| Definition: |
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noun. Transaction review refers to the process of evaluating and examining financial transactions to ensure accuracy, legitimacy, and compliance with laws, regulations, and internal policies. It involves a detailed examination of financial documents, such as invoices, receipts, bank statements, and account records, to verify the completeness and accuracy of recorded transactions. The objective of transaction review is to identify any discrepancies, errors, or potential fraudulent activities, and take appropriate actions to rectify or prevent them. It plays a vital role in maintaining financial integrity and safeguarding the assets of an organization. GPT3.5
Word Forms:
- noun.
transaction review (singular),
transaction reviews (plural)
- verb.
transaction review (simple present),
transaction reviewed (simple past),
transaction reviewing (present continuous),
transaction reviews (third person singular)
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