Suggested translation of the whole phrase:
daily audit cutoff service

This is not a report at all. Following is a definition of the term "cutoff date":

Cutoff Date:
Audit procedure for determining whether a transaction took place baefore or subsequent to the end of an accounting period. It assures that the transaction has been recorded in the proper period. It is the date chosen to stop the flow of transactions, merchandise, cash, and so on for audit purposes. For example, in taking a physical inventory, there must be a cutoff date applicable to sales and purchases. This may require closing receiving and shipping rooms while the inventory count takes place. Transactions of one period must be distinguished from those of another. Cutoff errors must be diligently avoided when recording transactions.

Reference - Barron's Dictionary of Accounting Terms

Hope this helps.
In my 21st year of translating almost exclusively for Mexico City based member firms of big 4 and 2nd tier international public accounting firms (PwC, KPMG, Grant Thornton, RSM, etc.), as well as other financial entities (Banobras, Bancomer, etc.).


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Note added at 24 mins (2009-09-15 21:21:08 GMT)
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Following is a series of terms that use the word "cutoff":
Corte - Cutoff
Corte Contable - Accounting Cutoff
Corte de Ciclo - Cycle Cutoff
Corte de Cobranzas - Collection Cycle Cutoff
Corte de Facturación - Billing Cycle Cutoff

Reference: Glosario Para la Empresa - Terminolgía Contable, Tributaria y de Administración / Ingles-Español & Español-Inglés
Silvana Debonis