Definition, Meaning & Synonyms
audit
Noun
/ˈɔː.dɪt/
Definition
An official inspection of an organization’s accounts, typically by an independent body.
Examples
- The company conducted an annual audit to ensure financial accuracy.
- After the audit, they found several discrepancies in the financial statements.
- She was hired to perform a compliance audit for the organization.
Meaning
An audit is a systematic examination or assessment of financial records, processes, or compliance with laws and regulations.
Synonyms
- Examination
- Review
- Assessment
- Inspection
- Evaluation
