Definition, Meaning & Synonyms
conduct-an-audit
Phrase
/kənˈdʌkt ən ˈɔː.dɪt/
Definition
To carry out a comprehensive examination or assessment of processes, records, or financial statements.
Examples
- Before making any investment, it is wise to conduct an audit of the company’s finances.
- The new manager decided to conduct an audit to understand the department’s workflow.
- Conducting an audit can reveal inefficiencies that may be addressed for better performance.
Meaning
The term refers to the act of evaluating and reviewing a company’s financial activities, compliance with regulations, or operational efficiency.
Synonyms
- Perform an examination
- Carry out a review
- Execute an assessment
