English · Work & Business
audit
/ˈɔː.dɪt/
[/ˈɔː.dɪt/]
official financial check
Advancednoun
Definition
An official examination of a company's financial records to check that they are correct and honest.
Example
The annual audit revealed several errors in the accounts that the team quickly corrected.
The annual audit revealed several errors in the accounts that the team quickly corrected.
Etymology
From Latin 'auditus' (a hearing), since accounts were originally checked by being read aloud.
How & Where It’s Used
Used in accounting and finance; also a verb and figurative ('audit your habits').