In downstream oil & gas, LPG: a systematic independent and documented process for obtaining audit evidence, and evaluating it objectively to determine the extent to which the audit criteria are fulfilled (footnote 1: ISO19011) [Section 3.2, Rule 3, DTI Department Administrative Order No. 22-11, Series of 2022, The New Technical Regulation Concerning the Mandatory Certification of Liquefied Petroleum Gas (LPG) Pressure Vessels, Systems, Services and Ancillary Products]
In renewable energy, trust fund: an objective examination and evaluation of the financial records and reports of the fund made by competent authorities vested with the mandate to make sure that the financial records and reports are a fair and accurate representation of the transactions of the fund [Section 2(b), DOE Department Circular No. DC2022-06-0018, Adopting the Guidelines and Procedures in the Fund Sourcing, Accounting, and Audit of Renewable Energy Trust Fund Pursuant to Section 28 of the Renewable Energy Act of 2008, otherwise known as Adopting the Guidelines and Procedures in the Fund Sourcing, Accounting, and Audit of the Renewable Energy Trust Fund or RETF Guidelines]