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- Dictionaryaudit/ˈɔːdɪt/
noun
- 1. an official inspection of an organization's accounts, typically by an independent body: "audits can't be expected to detect every fraud"
verb
- 1. conduct an official financial inspection of (a company or its accounts): "unlimited companies must also have their accounts audited"
- 2. attend (a class) informally, without working for credit: North American "he made use of the knowledge gleaned from economics classes he audited"
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Meaning of audit in English. audit. verb [ T ] uk / ˈɔː.dɪt / us / ˈɑː.dɪt / audit verb [T] (FINANCE) Add to word list. to make an official examination of the accounts of a business and produce a report. SMART Vocabulary: related words and phrases. Accounting. accountancy. accountant. accounting. accounts. auditor. bad debt. balance. bill. budget.
Jun 2, 2024 · An audit is an unbiased examination of the financial statements of an individual or organization. Three main types are external audits, internal audits, and IRS audits.
Learn about internal and external audits, like process, product, and system audits and how auditing can ensure compliance to a function, process, or production step, at ASQ.org.
Auditing, or a financial audit, is an official examination and verification of a business’s financial records. The main goal of auditing is to make sure that a company’s financial statements are accurate and are following regulatory guidelines.
The meaning of AUDIT is a formal examination of an organization's or individual's accounts or financial situation. How to use audit in a sentence.
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon." [1] .
Auditing typically refers to financial statement audits or an objective examination and evaluation of a company’s financial statements – usually performed by an external third party. Audits can be performed by internal parties and a government entity, such as the Internal Revenue Service (IRS).
an official examination and verification of accounts and records, esp. of financial accounts. 2. a report or statement reflecting an audit; a final statement of account. 3. the inspection or examination of a building or other facility to evaluate or improve its appropriateness, safety, efficiency, or the like.
noun. an official examination and verification of accounts and records, especially of financial accounts. a report or statement reflecting an audit; a final statement of account. the inspection or examination of a building or other facility to evaluate or improve its appropriateness, safety, efficiency, or the like:
Jun 4, 2024 · An auditor is a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws. They protect businesses from fraud, point...
