Hi folks,
I wonder how to understand "on an annual basis" (or "annually"). In German this is tricky, as it can either mean "once in a year", but also "within 12 month". E.g. 01/2017 to 12/2018 (almost 2 years) are in compliance with "once in a year", but not with "within 12 month". I looked on the web for a definition, but found no answer really satisfying me...
So, if I define "audit frequency" as "annually"/"on an annual basis" - is it within 12 month or within a year (that is, dated 2015, 2016, 2017...)?
Wolf
I wonder how to understand "on an annual basis" (or "annually"). In German this is tricky, as it can either mean "once in a year", but also "within 12 month". E.g. 01/2017 to 12/2018 (almost 2 years) are in compliance with "once in a year", but not with "within 12 month". I looked on the web for a definition, but found no answer really satisfying me...
So, if I define "audit frequency" as "annually"/"on an annual basis" - is it within 12 month or within a year (that is, dated 2015, 2016, 2017...)?