Definitions for audit
ˈɔ dɪtau·dit

Princeton's WordNetRate this definition:2.0 / 1 vote

1. audited account, auditnoun

   an inspection of the accounting procedures and records by a trained accountant or CPA

2. auditverb

   a methodical examination or review of a condition or situation

   "he made an audit of all the plants on his property"; "an energy efficiency audit"; "an email log audit"

3. audit, scrutinize, scrutinise, inspectverb

   examine carefully for accuracy with the intent of verification

   "audit accounts and tax returns"

4. auditverb

   attend academic courses without getting credit

WiktionaryRate this definition:0.0 / 0 votes

1. auditnoun

   An examination in general.

2. auditnoun

   A judicial examination.

3. auditnoun

   An independent review and examination of records and activities to assess the adequacy of system controls, to ensure compliance with established policies and operational procedures, and to recommend necessary changes in controls, policies, or procedures

   National Assembly audit

4. auditnoun

   Spiritual counseling, which forms the core of Dianetics.

5. auditverb

   To conduct an independent review and examination of system records and activities in order to test the adequacy and effectiveness of data security and data integrity procedures, to ensure compliance with established policy and operational procedures, and to recommend any necessary changes

6. auditverb

   To attend an academic class on a not-for-academic-credit basis.

7. Etymology: From auditus, from audio.

Samuel Johnson's DictionaryRate this definition:0.0 / 0 votes

1. Auditnoun

   A final account.

   Etymology: from audit, he hears, Lat.

   If they, which are accustomed to weigh all things, shall here sit down to receive our audit, the sum, which truth amounteth to, will appear to be but this. Richard Hooker, b. v.

   He took my father grossly, full of bread,
   With all his crimes broad blown, and flush as May;
   And how his audit stands, who knows save heav’n? Hamlet.

   I can make my audit up, that all
   From me do back receive the flow’r of all,
   And leave me but the bran. William Shakespeare, Coriolanus.

2. To Auditverb

   To take an account finally.

   Etymology: from audit.

   Bishops ordinaries auditing all accounts, take twelve pence. John Ayliffe, Parergon.

   I love exact dealing, and let Hocus audit, he knows how the money was disbursed. John Arbuthnot, Hist. of J. Bull.

WikipediaRate this definition:0.0 / 0 votes

1. Audit

   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.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report.Audits provide third-party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other commonly audited areas include: secretarial and compliance, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may evaluate and improve the effectiveness of risk management, control, and governance over the subject matter. Auditing has been a safeguard measure since ancient times, and has since expanded to encompass so many areas in the public and corporate sectors that academics have started identifying an "Audit Society".

ChatGPTRate this definition:0.0 / 0 votes

1. audit

   An audit is a systematic and independent examination or review of financial statements, records or operations of an organization, business, or individual to determine accuracy, authenticity, and compliance with laws, regulations, and established internal procedures. This process is typically carried out by an external or internal auditor. The aim of an audit is to provide assurance that the subject matter under review is free from material misstatement or error and to improve the effectiveness of risk management, control, and governance processes.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Auditadjective

   an audience; a hearing

2. Auditadjective

   an examination in general; a judicial examination

3. Auditadjective

   the result of such an examination, or an account as adjusted by auditors; final account

4. Auditadjective

   a general receptacle or receiver

5. Auditverb

   to examine and adjust, as an account or accounts; as, to audit the accounts of a treasure, or of parties who have a suit depending in court

6. Auditverb

   to settle or adjust an account

7. Etymology: [L. auditus a hearing, fr. audire. See Audible, a.]

WikidataRate this definition:2.0 / 1 vote

1. Audit

   The general definition of an audit is an evaluation of a person, organisation, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, internal auditing, and government auditing, but similar concepts also exist in project management, quality management, water management, and energy conservation. Auditing is defined as a systematic and independent examination of data, statements, records, operations and performances of an enterprise for a stated purpose. In any auditing the auditor perceives and recognizes the propositions before him for examination, collects evidence, evaluates the same and on this basis formulates his judgment which is communicated through his audit report.

Chambers 20th Century DictionaryRate this definition:0.0 / 0 votes

1. Audit

   awd′it, n. an examination of accounts by one or more duly authorised persons: a calling to account generally: a statement of account: (obs.) a periodical settlement of accounts: (obs.) audience, hearing.—v.t. to examine and verify by reference to vouchers, &c.—ns. Audi′tion, the sense of hearing: the act of hearing: (rare) something heard; Aud′itor, a hearer: one who audits accounts:—fem. Aud′itress; Auditōr′ium, in an opera-house, public hall, or the like, the space allotted to the hearers: the reception-room of a monastery; Aud′itorship.—adj. Aud′itory, relating to the sense of hearing.—n. an audience: a place where lectures, &c., are heard.—Audit ale, an ale of special quality brewed for some Oxford and Cambridge colleges; orig. for use on the day of audit. [L. auditus, a hearing—audīre, to hear. See Audible.]

Dictionary of Nautical TermsRate this definition:0.0 / 0 votes

1. audit

   The final passing of accounts.

Editors ContributionRate this definition:0.0 / 0 votes

1. audit

   An independent review and verification of data, documentation, procedures and activities to assess the level of compliance with a specific and defined standard and the level of organizational process system controls.

   The audit is easy, simple and rewarding as the level of compliance and understanding is excellent.

   
   

   Submitted by MaryC on March 13, 2020  

Matched Categories

1. • Examine
   • Study

British National Corpus

1. Spoken Corpus Frequency

   Rank popularity for the word 'audit' in Spoken Corpus Frequency: #4297

2. Written Corpus Frequency

   Rank popularity for the word 'audit' in Written Corpus Frequency: #3775

3. Nouns Frequency

   Rank popularity for the word 'audit' in Nouns Frequency: #1628

How to pronounce audit?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say audit in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of audit in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of audit in Pythagorean Numerology is: 1

Examples of audit in a Sentence

1. Scott Stringer:

   Within the lease that was assigned many years ago, they make it almost impossible for an audit to be conducted, every aspect of the audit had to be done using pen and paper.

2. Andreas Hammer:

   While the allegations predominantly concern activities which do not directly impact the FIFA financial statements, a review of the audit work performed by KPMG Switzerland is being conducted in consultation with KPMG International.

3. Rudo Kwaramba:

   World Vision strengthened ... electronic banking controls, and approval mechanisms. We also established new internal audit procedures to improve the detection of fraud, theft, and collusion.

4. Ralph Norman:

   Like an out-of-control firehose, the federal government has been spewing trillions of dollars under the guise of Covid relief, without any real guardrails or oversight, i don’t care how long it takes – we need a top-down audit on how every dollar of the American Rescue Plan has been spent. Any individual or organization who utilized these funds ought to be able to provide a thorough defense of their decisions. And anyone who spent ARP dollars outside the letter or spirit of that law must be held to account.

5. Alex Yampolskiy:

   They’re going to try to do some forensic work because those documents probably have been changed [over time], so that enables them to narrow down the period to when they were taken, once you say ‘this seems like it was a snapshot from this particular time,’ then they can look at audit logs of who had access to the document during that time frame.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=audit
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Audit
3. ^ Samuel Johnson's Dictionary
   https://johnsonsdictionaryonline.com/views/search.php?term=audit
4. ^ Wikipedia
   https://en.wikipedia.org/wiki/Audit
5. ^ ChatGPT
   https://chat.openai.com
6. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/audit
7. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=audit
8. ^ Chambers 20th Century Dictionary
   https://www.gutenberg.org/files/37683/37683-h/37683-h.htm#:~:text=audit
9. ^ Dictionary of Nautical Terms
   https://www.gutenberg.org/cache/epub/26000/pg26000-images.html#:~:text=audit