Meaning of the word audit in English
What does audit mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
audit
US /ˈɑː.dɪt/
UK /ˈɑː.dɪt/
Noun
1.
an official inspection of an individual's or organization's accounts, typically by an independent body.
Example:
•
The company is undergoing a financial audit this month.
•
The tax authorities announced a random audit of small businesses.
Verb
1.
conduct an official financial inspection of (an individual's or organization's accounts).
Example:
•
The government decided to audit all major corporations.
•
Our accounts are audited annually by an external firm.
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