Word forms: plural, 3rd person singular presenttense audits, present participle auditing, past tense, past participle audited
verb
When an accountant audits an organization's accounts, he or she examines the accounts officially in order to make sure that they have been done correctly.
Each year they audit our accounts and certify them as being true and fair. [VERB noun]
Synonyms: inspect, check, review, balance More Synonyms of audit
Audit is also a noun.
The bank first learned of the problem when it carried out an internal audit.
More Synonyms of audit
audit in British English
(ˈɔːdɪt)
noun
1.
a.
an inspection, correction, and verification of business accounts, conducted by an independent qualified accountant
b.
(as modifier)
audit report
2. US
an audited account
3.
any thoroughgoing check or examination
4. archaic
a hearing
verb
5.
to inspect, correct, and certify (accounts, etc)
6. US and Canadian
to attend (classes, etc) as an auditor
Word origin
C15: from Latin audītus a hearing, from audīre to hear
audit in American English
(ˈɔdɪt)
noun
1.
a formal, often periodic examination and checking of accounts or financial records to verify their correctness
2.
a settlement or adjustment of accounts
3.
an account thus examined and adjusted
4.
a final statement of account by auditors
5.
any thorough examination and evaluation of a problem
verb transitive, verb intransitive
6.
to examine and check (accounts, claims, etc.)
7.
to attend (a college course) simply to hear the lectures without receiving credit
Word origin
ME < L auditus, a hearing, pp. of audire: see audience
audit in Accounting1
(ɔdɪt)
Word forms: (regular plural) audits
noun
(Accounting: Financial statements)
An audit is an inspection of business accounts that is carried out by an accountant in orderto make sure that they are correct.
Accountants have conducted an audit of the company, and uncovered the accounting discrepancies.
The regulator would reserve the right to declare a bank solvent after an audit.
An audit is an inspection of business accounts that is carried out by an accountant in orderto make sure that they are correct.
audit trail
audit in Accounting2
(ɔdɪt)
Word forms: (present) audits, (past) audited, (perfect) audited, (progressive) auditing
verb
(Accounting: Financial statements)
When an accountant audits business accounts, he or she examines them officially in order to make sure thatthey are correct.
Each year they audit our accounts and certify them as being true and fair.
The company's taxes for the years involved in the controversy are currently beingaudited.
When an accountant audits business accounts, he or she examines them officially in order to make sure thatthey are correct.
Examples of 'audit' in a sentence
audit
Continued risk assessment complete with internal and external audits are essential best practices to complete any compliance programme.
Computing (2010)
He first suggested an independent audit and got the other party leaders to sign up to it.
Times, Sunday Times (2009)
There is no formal requirement for cost accounts to be audited.
Harrison, John Finance for the Non-Financial Manager (1989)
Who knew that the audit business could be so exciting?
Times, Sunday Times (2010)
What is the point of internal audits that are simply ignored?
Times, Sunday Times (2008)
There should be proper cross checks and auditing.
Times, Sunday Times (2015)
Shareholders need to put pressure on banks to shun audit firms seen as a soft touch.
Times, Sunday Times (2015)
The sale process was expected to begin this month after an audit of the business.
Times, Sunday Times (2007)
They decided to conduct an internal audit.
Christianity Today (2000)
It may be the anonymous senior bank audit partner of one of the big accounting firms.
Times, Sunday Times (2015)
Madrid will also ask two independent auditing firms to value the exposure of banks to toxic property assets.
Times, Sunday Times (2012)
This will be policed by appointed forensic accountants who can audit and give advice on budget costs and interpretations.
Times, Sunday Times (2009)
There is no general legal obligation for annual service charge accounts to be prepared or audited by an accountant.
Times, Sunday Times (2016)
Companies that handle waste can avoid inspections and auditing by applying for exemption from the need to obtain an environmental permit.
Times, Sunday Times (2009)
It's a pity it did not conduct the audit a few years earlier.
Times, Sunday Times (2013)
Until now, all the royal accounts were audited internally.
Times, Sunday Times (2015)
Libor should in future be based on real transactions, subject to independent external audit.
Times, Sunday Times (2012)
Until now, all royal accounts have been audited internally.
Times, Sunday Times (2014)
An audit also assures you that your accounting team is doing its job properly, reducing the scope for fraud.
Times, Sunday Times (2015)
Last month police recommended filing criminal charges against her in connection with an audit last year of the couple's official expenses.
Times, Sunday Times (2016)
Since then it has increased auditing and DNA checks.
Times, Sunday Times (2014)
It is inclined, instead, to strengthen the role of company audit committees.
Times, Sunday Times (2011)
Away from the witness box, a culture of inspection and audit has grown up, feeding off the police service.
Times, Sunday Times (2007)
The audit from his first year in Serie A was mixed.
Times, Sunday Times (2009)
In other languages
audit
British English: audit /ˈɔːdɪt/ NOUN
An audit is an inspection, correction, and verification of business accounts, conducted by an independent qualified accountant.
The bank first learned of the problem when it carried out an internal audit.
American English: audit
Arabic: مُرَاجَعَةُ الـحِسَابات
Brazilian Portuguese: auditoria
Chinese: 审计
Croatian: revizija
Czech: audit
Danish: revision
Dutch: accountantscontrole
European Spanish: auditoría
Finnish: tilintarkastus
French: audit
German: Rechnungsprüfung
Greek: έλεγχος
Italian: revisione
Japanese: 監査
Korean: 감사
Norwegian: revisjon
Polish: kontrola ksiąg
European Portuguese: auditoria
Romanian: audit
Russian: проверка
Latin American Spanish: auditoría
Swedish: revision
Thai: การตรวจสอบบัญชี
Turkish: hesap denetimi
Ukrainian: аудит
Vietnamese: sự kiểm toán
British English: audit /ˈɔːdɪt/ VERB
When an accountant audits an organization's accounts, he or she examines the accounts officially in order to make sure that they have been done correctly.
Each year they audit our accounts and certify them as being true and fair.
American English: audit
Arabic: يُراجِعُ الـحِسَابات
Brazilian Portuguese: examinar
Chinese: 稽核
Croatian: revidirati
Czech: zrevidovat
Danish: revidere
Dutch: de boeken controleren
European Spanish: auditar
Finnish: tehdä tilintarkastus
French: auditer
German: prüfen
Greek: ελέγχω
Italian: revisionare
Japanese: 監査する
Korean: 감사하다
Norwegian: granske
Polish: skontrolować
European Portuguese: fazer auditoria
Romanian: a verifica
Russian: проверять отчетность
Latin American Spanish: auditar
Swedish: revidera
Thai: ตรวจสอบบัญชี
Turkish: hesapları denetlemek
Ukrainian: перевіряти
Vietnamese: kiểm toán
All related terms of 'audit'
audit trail
a record of all the transactions or data entries that a person or firm has carried out over a specific period
general audit
an audit of all a company's accounts
medical audit
a review of the professional standards of doctors , usually within a hospital , conducted by a medical committee
internal audit
an audit of a company's finances that is carried out by employees of the company
position audit
a systematic assessment of the current strengths and weaknesses of an organization as a prerequisite for future strategic planning
independent audit
an audit of a company conducted by accountants from an outside accounting firm ( distinguished from internal audit )
environmental audit
the systematic examination of an organization's interaction with the environment , to assess the success of its conservation or antipollution programme
Audit Bureau of Circulation
an organization that collects, audits , and publishes monthly circulation figures for newspapers and magazines
Chinese translation of 'audit'
audit
(ˈɔːdɪt) (Comm)
vt
[accounts]审(審)计(計) (shěnjì)
n(c)
查账(賬) (cházhàng)
(verb)
Definition
to examine (business accounts) officially
Each year they audit our accounts and certify them as true and fair.
Synonyms
inspect
Each hotel is inspected once a year.
check
Check the accuracy of every detail in your CV.
Get a mechanic to check the car out for you before you buy it.
review
He reviewed the troops.
balance
We have to balance the costs of the project against the benefits.
survey
He pushed himself to his feet and surveyed the room.
examine
He examined her passport and stamped it.
investigate
Gas officials are investigating the cause of the explosion.
go through
assess
The test was to assess aptitude rather than academic achievement.
go over
evaluate
Trained nurses are required to evaluate the patients' individual needs.
vet
He was not allowed to read any book until his father had vetted it.
verify
A clerk simply verifies that the payment and invoice amount match.
appraise
Many companies were prompted to appraise their recruitment policies.
scrutinize
She scrutinized his features.
inquire into
Inspectors inquired into the affairs of the company.
(noun)
Definition
any thoroughgoing assessment or review
The bank is carrying out an internal audit.
Synonyms
inspection
A routine inspection of the vessel turned up 50 kg of the drug.
check
He is being constantly monitored with regular checks on his blood pressure.
checking
review
a review on the training and education of over-16s
balancing
search
There was no chance of him being found alive and the search was abandoned.
survey
She gave the newspaper a quick survey.
investigation
He ordered an investigation into the affair.
examination
They have taken the documents away for examination.
scan
scrutiny
His private life came under media scrutiny.
supervision
First-time licence holders have to work under supervision.
surveillance
He was arrested after being kept under constant surveillance.
look-over
verification
once-over (informal)
checkup
superintendence
Additional synonyms
in the sense of appraise
Definition
to assess the worth, value, or quality of
Many companies were prompted to appraise their recruitment policies.
Synonyms
assess,
judge,
review,
estimate,
survey,
price,
rate,
value,
evaluate,
inspect,
gauge,
size up (informal),
eye up,
assay,
recce (slang)
in the sense of assess
Definition
to judge the worth or importance of
The test was to assess aptitude rather than academic achievement.
Synonyms
judge,
determine,
estimate,
fix,
analyse,
evaluate,
rate,
value,
check out,
compute,
gauge,
weigh up,
appraise,
size up (informal),
eye up
in the sense of balance
Definition
to compare the relative weight or importance of
We have to balance the costs of the project against the benefits.