Definitions for audits
au·dits

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1. 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".

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1. 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 »

1. aditus

How to pronounce audits?

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 audits in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of audits in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of audits in Pythagorean Numerology is: 2

Examples of audits in a Sentence

1. Amy Klobuchar:

   With only 76 days before the election, with cyberattacks from Russia and other countries and criminal enterprises being revealed every day, with no national requirement for critical security protocols such as audits or backup paper ballots for our nation's election infrastructure, we must take action before the next election, to do nothing before the next election would be irresponsible.

2. Apurva Shah:

   The time, intensity and the detail of the audits has increased.

3. Luis Hernandez:

   We don't want to take the risk that the federal government comes to audit us, the state government audits us and because we hired someone, we're not following the rules.

4. Ken Rubin:

   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.

5. Mandeep Mehra:

   I eagerly await word from the independent audits, the results of which will inform any further action.

Popularity rank by frequency of use

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Audits