Audit Word Meaning

Etymology:

late Middle English: from Latin auditus ‘hearing’, from audire ‘hear’, in medieval Latin auditus (compoti) ‘audit (of an account)’, an audit originally being presented orally

Audio Pronunciation:

Definition:

an official inspection of an organization's accounts, typically by an independent body

Short Definition:

inspection of accounts

Examples:

• audits can't be expected to detect every fraud

Audio Pronunciation:

Definition:

conduct an official financial inspection of (a company or its accounts)

Short Definition:

conduct financial inspection

Examples:

• unlimited companies must also have their accounts audited

Definition:

attend (a class) informally, without working for credit

Short Definition:

listen in on class

Examples:

• he made use of the knowledge gleaned from economics classes he audited