- The definition of an audit is the process of evaluation or analysis of something to determine its accuracy or safety, or is the document that declares the result of such an analysis or evaluation.
- An example of an audit is a dean analyzing your credits to determine your eligibility for graduation.
- An example of an audit is a written piece of paperwork outlining mistakes on your tax return.
- Audit means to analyze and evaluate something.
An example of someone doing an audit is an IRS official analyzing the accuracy of a tax return.
- To audit is defined as to go to a class without paying for it or receiving credit.
An example of someone who may audit a class is a college student who wants to see if she is interested in a certain topic.
- a formal, often periodic examination and checking of accounts or financial records to verify their correctness
- a settlement or adjustment of accounts
- an account thus examined and adjusted
- a final statement of account by auditors
- any thorough examination and evaluation of a problem
Origin of auditMiddle English ; from Classical Latin auditus, a hearing, past participle of audire: see audience
- to examine and check (accounts, claims, etc.)
- to attend (a college course) simply to hear the lectures without receiving credit
- An examination of records or financial accounts to check their accuracy.
- An adjustment or correction of accounts.
- An examined and verified account.
- A thorough examination or evaluation: an audit of water use.
verbau·dit·ed, au·dit·ing, au·dits
- To examine, verify, or correct the financial accounts of: Independent accountants audit the company annually. The IRS audits questionable income tax returns.
- To attend (a course) without requesting or receiving academic credit.
- To examine or evaluate (something) thoroughly: audit a house's energy consumption.
Origin of auditMiddle English (influenced by auditor, auditor), from Latin audītus, a hearing, from past participle of audīre, to hear; see au- in Indo-European roots.
- An audience; a hearing.
- An examination in general.
- A judicial examination.
- An independent review and examination of records and activities to assess the adequacy of system controls, to ensure compliance with established policies and operational procedures, and to recommend necessary changes in controls, policies, or procedures
- National Assembly audit
- The result of such an examination, or an account as adjusted by auditors; final account.
- (Scientology) Spiritual counseling, which forms the core of Dianetics.
(third-person singular simple present audits, present participle auditing, simple past and past participle audited)
- To examine and adjust (e.g. an account).
- to audit the accounts of a treasure, or of parties who have a suit depending in court
- (finance, business) To conduct an independent review and examination of system records and activities in order to test the adequacy and effectiveness of data security and data integrity procedures, to ensure compliance with established policy and operational procedures, and to recommend any necessary changes
- (Scientology) To counsel spiritually.
- To attend an academic class on a not-for-academic-credit basis.
From Latin audītus, from audiō (“I hear”).
audit - Computer Definition
(1) A formal examination by certified auditors of systems, programming, operations and security to determine compliance with internal policies and procedures or with external standards. An audit is often used to satisfy legal requirements of regulatory agencies and laws. See assessment, COBIT, COSO, ISO 27000, SAS 70 and SSAE 16.
(2) An examination of systems, programming and datacenter procedures in order to determine the efficiency of computer operations.
audit - Investment & Finance Definition
The process of verifying a company’s financial information. Auditors are certified public accountants who are independent of the corporation. An auditor examines a company’s accounting books and records in order to determine whether the company is following appropriate account procedures. An auditor issues an opinion in a report that says whether the financial statements “present fairly” the company’s financial position and its operational results in accordance with Generally Accepted Accounting Principles (GAAP). Corporate financial statements are audited once a year.