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July holiday in the US for the auditor’s out (5)

Ross

I believe the answer is:

forth

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'out' is the definition.
(I've seen this before)

I can't explain the rest of the clue.

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(Other definitions for forth that I've seen before include "Onward direction" , "Edinburgh's river" , "(Go) away" , "Out and away -- UK shipping forecast area" , "Onward; the Firth of - -" .)

I've seen this clue in The Hindu.
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