Definition of Audit
Audit
Au·dit


Definition/Meaning
(noun)
Official examination and verification of financial records.

e.g. The company hired an accountant to perform an audit of their expenses.

(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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