Audit definition

ôdĭt
An examination of records or financial accounts to check their accuracy.
noun
12
2
To attend (a course) without requesting or receiving academic credit.
verb
5
2
An examined and verified account.
noun
4
2
A formal, often periodic examination and checking of accounts or financial records to verify their correctness.
noun
3
1
An account thus examined and adjusted.
noun
3
1
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To examine and check (accounts, claims, etc.)
verb
2
1
N A formal inspection of the accounting procedures and records and the financial situation of an individual, business, organization, or government entity to verify the accuracy and completeness of the records or their compliance with another set of standards.
2
1
An adjustment or correction of accounts.
noun
2
2
A settlement or adjustment of accounts.
noun
2
2
Any thorough examination and evaluation of a problem.
noun
2
2
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To examine or evaluate (something) thoroughly.

Audit a house's energy consumption.

verb
1
1
An examination in general.
noun
1
1
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.

noun
1
1
(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.
verb
1
1
A thorough examination or evaluation.

An audit of water use.

noun
2
3
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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.

verb
1
2
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.

noun
1
2
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.

verb
1
2
To examine, verify, or correct the financial accounts of.

Independent accountants audit the company annually. The IRS audits questionable income tax returns.

verb
1
2
To conduct an audit.
verb
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2
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A final statement of account by auditors.
noun
1
2
To attend (a college course) simply to hear the lectures without receiving credit.
verb
1
2
noun
0
1
A judicial examination.
noun
0
1
The result of such an examination, or an account as adjusted by auditors; final account.
noun
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1
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(Scientology) Spiritual counseling, which forms the core of Dianetics.
noun
0
1
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.

verb
0
1
(Scientology) To counsel spiritually.
verb
0
1
To attend an academic class on a not-for-academic-credit basis.
verb
0
1
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.
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Other Word Forms

Noun

Singular:
audit
Plural:
audits

Origin of audit

  • Middle English (influenced by auditor auditor) from Latin audītus a hearing from past participle of audīre to hear au- in Indo-European roots

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Latin audītus, from audiō (“I hear”).

    From Wiktionary