Pronunciation: /ˈɔdɪt/
noun An official inspection of an individual's or organization's accounts, typically by an independent body
A1 An audit is a process of examining and verifying financial records.
A2 During the audit, the company's accounts were thoroughly checked for accuracy.
B1 The external audit revealed several discrepancies in the company's financial statements.
B2 The audit committee was responsible for overseeing the annual audit of the organization.
C1 The forensic audit uncovered evidence of fraud within the company.
C2 The audit report highlighted areas where the company could improve its financial practices.
verb To conduct an official financial examination of an individual's or organization's accounts
A1 I need to audit my expenses to make sure I am not overspending.
A2 The company decided to audit their financial records to check for any discrepancies.
B1 The government agency will audit the company's tax returns to ensure compliance with regulations.
B2 The independent firm was hired to audit the company's internal controls and processes.
C1 The board of directors requested a thorough audit of the company's operations to identify areas for improvement.
C2 The external auditors were brought in to conduct a comprehensive audit of the company's financial statements.
formal The company conducted a thorough audit of its financial records.
informal I heard the company is getting audited next week.
slang We better make sure our books are clean before the audit.
figurative She decided to audit her life and make some changes for the better.
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