Audit
Pronunciation: /ˈɔːdɪt/
Audit (noun)
- an official examination of financial records to ensure accuracy and compliance.
- a detailed review of a process or system to check its quality or performance.
Examples
- The company undergoes an audit every year.
- An audit revealed discrepancies in the accounts.
Common collocations: annual audit, internal audit, conduct an audit, quality audit, audit process
Audit (verb)
- to officially check financial records for accuracy and compliance.
- to carefully examine a process or system to assess its quality or performance.
Examples
- They audit the accounts regularly.
- The firm was hired to audit the books.