4/5/2025, 4:43:23 PM
Definition of Audit
Audit
au·dit
Definition/Meaning
(noun)
the inspection of accounts by an independent body for either an individual or organization;
e.g. The company had to undergo an audit at the last minute.
(verb)
to inspect financial accounts of either an individual or organization;
e.g. The IRS are known to audit tax-payer accounts when discrepancies are found.
(verb)
to attend a course or class, but not for academic credit;
e.g. She audited a lot of economics classes in her free time.
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