WordValeaudit
an official examination of financial accounts
In more detail
1. (noun) an official examination of a company's or organization's financial records to check if they are correct
2. (verb) to examine financial records officially to verify their accuracy
Examples
- 1. The bank requested an audit of the company's accounts.
- 2. An external firm will audit the charity's finances every year.
How to use audit
Audit refers to a formal, systematic examination of financial records by a qualified person or firm, typically to ensure compliance and accuracy. It can be internal (conducted by the organization itself) or external (by independent third parties), and is common in both business and regulatory contexts. The term also extends metaphorically to other types of systematic reviews.
Common phrases
- conduct an audit
- internal audit
- external audit
- audit trail
- financial audit
- undergo an audit
Synonyms
inspection · examination · review · assessment · verification
Word family
auditor (noun) · auditing (noun/gerund) · auditable (adjective)
A common mistake
Learners sometimes confuse 'audit' with 'edit'—audit is about examining and verifying existing records, not correcting or revising them.
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