oversight

oversight
1. The *monitoring of an activity or asset over time. Auditing is central to oversight in *corporate governance: The United Nations, for example, has institutionalized its internal auditing activity within its *Office of Internal Oversight Services (OIOS). 2. A failure to notice an event or to perform an action.

Auditor's dictionary. 2014.

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  • oversight — UK US /ˈəʊvəsaɪt/ noun ► [U] LAW, GOVERNMENT, MANAGEMENT systems or actions to control an activity and make sure that it is done correctly and legally: »In commodity trading, key goods such as oil or uranium are traded with almost no oversight.… …   Financial and business terms

  • oversight — oversight, supervision, surveillance all denote the function or duty of watching or guarding for the sake of proper control or direction. Oversight applies to the function or duty not only of one who is called an overseer or an inspector but of… …   New Dictionary of Synonyms

  • oversight — Care needs to be taken to distinguish the two primary meanings, (1) ‘supervision’: • There must be a representative of Scotland in the United Kingdom Cabinet with a general oversight over the economy and the framing of Scotland s budget Lord Home …   Modern English usage

  • Oversight — O ver*sight , n. 1. Watchful care; superintendence; general supervision. [1913 Webster] 2. An overlooking; an omission; an error. Hooker. [1913 Webster] 3. Escape from an overlooked peril. [R.] His fool happy oversight. Spenser. [1913 Webster]… …   The Collaborative International Dictionary of English

  • oversight — [n1] failure, omission blank*, blunder, carelessness, chasm, default, delinquency, dereliction, disregard, error, fault, inattention, lapse, laxity, miscue, mistake, neglect, overlook, overlooking, preterition, pretermission, skip, slip, slipup*; …   New thesaurus

  • oversight — I (carelessness) noun blunder, careless mistake, careless omission, erratum, error, failure, failure to notice, heedlessness, inadvertency, inattention, incuria, lapse, laxity, laxness, mistake, neglect, negligence, nonobservance, remissness,… …   Law dictionary

  • oversight — (n.) supervision, c.1400, from OVER (Cf. over) + SIGHT (Cf. sight). Meaning omission of notice, fact of passing over without seeing attested from late 15c.; Cf. OVERSEE (Cf. oversee) …   Etymology dictionary

  • oversight — ► NOUN ▪ an unintentional failure to notice or do something …   English terms dictionary

  • oversight — [ō′vər sīt΄] n. 1. a superintendence; supervision, esp. when careful or vigilant 2. an unintentional, careless mistake or omission …   English World dictionary

  • oversight — n. 1) an oversight that + clause (it was through an oversight that you were not invited) 2) by, through an oversight (her name was omitted through an oversight) * * * [ əʊvəsaɪt] through an oversight (her name was omitted through an oversight) by …   Combinatory dictionary

  • oversight — [[t]o͟ʊvə(r)saɪt[/t]] oversights 1) N COUNT If there has been an oversight, someone has forgotten to do something which they should have done. William was angered and embarrassed by his oversight... By an unfortunate oversight, full instructions… …   English dictionary

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