Definitions

1. noun

An official examination and verification of an organization’s or individual’s accounts, records, or activities for accuracy, completeness, and compliance with rules and regulations.

“The company underwent a financial audit to ensure it was in compliance with tax laws.”

2. verb

To examine or investigate (accounts, records, or activities) for accuracy, completeness, and compliance with rules and regulations.

“The accountant was tasked with auditing the company’s financial records for the past year.”

3. verb

To examine or investigate (something) in detail, often to identify problems or areas for improvement.

“The quality control team audited the manufacturing process to identify areas where efficiency could be improved.”

4. verb

To have a thorough discussion or examination (of something) in order to evaluate or judge it.

“The critics audited the new play, praising its originality and creativity.”

5. noun

A critical examination or evaluation, especially of a person’s or organization’s performance or behavior.

“The teacher gave her student a thorough audit on their progress in the course.”