What does audits mean?
Definitions for audits
au·dits
This dictionary definitions page includes all the possible meanings, example usage and translations of the word audits.
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Wikipedia
Audits
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".
Editors Contribution
auditsnoun
Plural noun and verb form of the word audit.
The performance audits take place regularly every month.
Submitted by MaryC on April 18, 2020
Anagrams for audits »
aditus
Numerology
Chaldean Numerology
The numerical value of audits in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of audits in Pythagorean Numerology is: 2
Examples of audits in a Sentence
I can tell you that when I first applied in the early '80s for air inspection reports and audits, I used to get them, they became less accessible.
The Zuckerberg funding is an unprecedented example of using government employees and government resources to put your finger on the scale, to affect the election outcome, it would be like giving private money to police departments to have officers do more stop and frisk in certain neighborhoods compared to other neighborhoods. It would be like giving money to the tax department to do increased audits in certain zip codes or neighborhoods versus other neighborhoods.
I eagerly await word from the independent audits, the results of which will inform any further action.
We have years ahead of us where we will be 100% focused on building capacity for higher income individuals and corporations. During this time, the audit rates of average taxpayers will not increase, people who get W-2s or Social Security payments, or have a small business, should not be worried about some new wave of IRS audits. We’re taking that off the table.
If Trump's influence had truly died out on January 21st, 2021, you might see a very different campaign today, but what we know is that Donald Trump and a lot of Republicans, including the statewide ticket in Virginia, have doubled down on the Big Lie, sham audits and questioning the fundamentals of democracy.
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"audits." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/audits>.
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