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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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audit. noun [ C ] uk / ˈɔː.dɪt / us / ˈɑː.dɪt / an official examination of the accounts of a business:
Quality audits are essential to verify the existence of objective evidence showing conformance to required processes, to assess how successfully processes have been implemented, and to judge the effectiveness of achieving any defined target levels.
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.
Auditing is the process of reviewing and confirming your financial reports. Audits verify that you’ve created accurate and reliable financial reports and that no fraudulent activities are happening within the business.
Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance to requirements. An audit can apply to an entire organization or might be specific to a function, process, or production step.
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.
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).
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:
an examination of all the financial records of a company by an independent person in order to produce a report. audit. verb [ T ] auditor. noun [ C ] (Definition of audit from the Cambridge Learner's Dictionary © Cambridge University Press) Translations of audit. in Chinese (Traditional) 金融, 查…的賬目, 審計… See more. in Chinese (Simplified)
An audit is an examination of the financial statements of a company, such as the income statement, cash flow statement, and balance sheet. Audits provide investors and regulators with confidence in the accuracy of a corporation’s financial reporting.
