26984 words

audit

10 definitions • 23 examples
1
to make an official examination of the accounts of a business and produce a report
2
to go to a class or educational course for pleasure or interest, without being tested or receiving a grade at the end:

Examples:

As a senior citizen, he is allowed to audit university classes.
3

Examples:

The company has an audit at the end of each financial year.
perform an audit You should have an independent accountant perform a full audit annually.
internal audit An internal audit uncovered £11.5 million in payments to dead beneficiaries.
4
a detailed examination of the quality of something:

Examples:

They said they had learned of the existence of the landfill site during a routine environmental audit.
perform an audit The first thing businesses should do is to perform an accessibility audit — you could ask a disabled friend or colleague to visit your premises to see if full access is possible.
5

Examples:

The agency is subject to regular financial audits.
6
to go regularly to a class without being formally involved in it:

Examples:

I audited some of her seminars.
7
an examination of the accounts of a business, usually by experts from outside the business:

Examples:

A full audit is performed each year by a district auditor.
We conducted an audit of the accounts for the year 2009/10.
an audit committee/firm/team Members of the audit committee must be independent.
8
an official examination of the quality or condition of something:

Examples:

complete/conduct/do/undertake an audit We conduct an annual audit to ensure that we comply with standards.
Managers should undertake an audit of staff performance.
an independent audit of needs and facilities
The whole process is subject to audit and inspection.
9
to make an official examination of the accounts of a business and produce a report:

Examples:

have sth audited They had the books audited by a qualified accountant.
10
to make an official examination of the quality or condition of something:

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