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audit

[ˈɔːdɪt]

audit Definition

  • 1an official inspection of an organization's accounts, typically by an independent body
  • 2a systematic review or assessment of something

Using audit: Examples

Take a moment to familiarize yourself with how "audit" can be used in various situations through the following examples!

  • Example

    The company's accounts were subjected to an audit.

  • Example

    The government ordered an audit of the department's spending.

  • Example

    The safety audit revealed several violations of regulations.

audit Synonyms and Antonyms

Phrases with audit

  • an examination of a person's or organization's tax returns by the government

    Example

    The business owner was nervous about the upcoming tax audit.

  • an audit conducted by an organization's own employees or accountants to ensure compliance with policies and procedures

    Example

    The company's internal audit revealed several areas where improvements could be made.

  • an audit that evaluates the efficiency and effectiveness of an organization's operations

    Example

    The government agency commissioned a performance audit of the healthcare system.

Origins of audit

from Latin 'audire', meaning 'to hear'

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Summary: audit in Brief

An 'audit' [ˈɔːdɪt] is an official inspection of an organization's accounts, typically by an independent body, or a systematic review or assessment of something. It can take various forms, such as a tax audit, internal audit, or performance audit. 'Audit' is often used in formal contexts, and synonyms include 'examination,' 'inspection,' 'review,' 'check,' and 'scrutiny.'

How do native speakers use this expression?