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audit

audit

45 4.9
A careful check of a company's money records by people from outside to find mistakes
  • noun
  • /ˈɔːdɪt/
  • Formal
translation icon : auditoría financiera
  • The accountant will conduct an audit of the company's financial records next week.
  • financial audit
  • annual audit
  • external audit

So they want they want to beef up IRS audits so we'd have more compliance.

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Examples

  • Businesses annually perform audits to determine if the financial reports fairly reflect the organization's financial position.

    Academic text (1991)
  • Our audit puts the cost of this trip at over $30,000.

  • Did the audit find anything like this?

  • Have you run an audit on her books yet?

  • Schedule your free audit in three easy steps.

  • Require a curriculum audit, just as a financial audit is required at least every two years.

    Academic text (1992)
  • Does the Prime Minister dispute the National Audit Office findings?

  • We're here to conduct an audit on a Mr. David Clark.

  • We came through our annual audit in sterling condition: there was not a single adjustment to our books.

    Academic text (1996)
  • The bad news is that the IRS requested an audit of your income from this office.

Synonyms

inspection
vsaudit
  • Formal
356 2.5

A careful official check to see if something meets rules and is safe

focuses specifically on an organization's financial accounts and records
financial audit
vsaudit
  • Formal
1 3.6

An official check of a company's financial records to make sure they are correct and follow the law

is usually carried out by an independent external body rather than internal teams

Compounds

1 3.6

An official check of a company's financial records to make sure they are correct and follow the law

audit program
  • Specialized
4.2

A planned list of steps for people who check accounts to follow

audit program
  • Specialized
4.0

Computer software that collects logs and makes reports for checking accounts and systems

limited audit
  • Specialized
6.7

A check of only some company accounts or transactions

information audit
  • Specialized
5.1

A check of how a company finds, stores, and uses information to make it better

How Closely

surveillance
  • Specialized
526 6.2
audit
  • Formal
45 4.9
inspection
  • Formal
356 2.5
tracking
114 3.2
monitoring
130 3.2
observation
  • Specialized
57 3.2

Surface Forms

audit singular
audits plural

Etymology

Audit comes from the Latin audire 'to hear' and has the same root as audio, because auditors once listened to people reading their money records aloud; that listening turned into the idea of checking the records. That's why an audit now often means an official check of an organisation's financial accounts.