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Audit Meaning: Definition, Examples, and Translations

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audit

[ˈɔːdɪt ]

Definitions

Context #1 | Noun

business

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

Synonyms

examination, inspection, review.

Which Synonym Should You Choose?

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Word Description / Examples
audit

Used in a business or financial context to refer to an official examination of accounts by an independent party.

  • The company undergoes an annual audit to ensure the accuracy of its financial statements.
  • The government ordered an audit of the nonprofit organization's finances.
examination

A detailed and thorough analysis or study, often used in academic or medical contexts.

  • The scientist's examination of the samples revealed new insights.
  • The doctor's examination was thorough and included a series of tests.
inspection

Generally involves a careful and close look at something to check for compliance, quality, or condition, often in the context of safety or standards.

  • The safety inspection of the building revealed several violations.
  • Regular health inspections are mandatory for all restaurants.
review

Refers to a general assessment or evaluation of something, often to determine its quality, performance, or effectiveness.

  • Let's review the project plan before the meeting.
  • The teacher's performance reviews are conducted twice a year.

Examples of usage

  • The company's financial records were subject to an audit by an external firm.
  • The auditor conducted a thorough audit of the company's financial statements.
Context #2 | Verb

business

To conduct an official financial examination of an organization or individual.

Synonyms

examine, inspect, review.

Which Synonym Should You Choose?

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Word Description / Examples
audit

Typically used in financial or regulatory environments where a formal review of accounts or processes is required.

  • The company will undergo an annual audit to ensure compliance with financial regulations.
  • A government audit revealed discrepancies in the city's budget.
examine

Used often in academic, scientific, or medical fields to describe a detailed inspection or study of something.

  • The doctor will examine the patient to determine the cause of the symptoms.
  • Researchers examine the effects of climate change on Arctic ice.
inspect

Used when checking something for quality, safety, or compliance with standards, often in a more practical or physical context than 'audit'.

  • The safety inspector will inspect the building for code violations.
  • Before we ship the products, we need to inspect them for any defects.
review

Implied a more general or informal check or assessment of something, not necessarily as detailed or formal as an audit.

  • The manager will review the project plan before giving approval.
  • Students are encouraged to review their notes before the exam.

Examples of usage

  • The accountant will audit the company's financial records next week.
  • The IRS may choose to audit your tax return.

Translations

To see the translation, please select a language from the options available.

Origin of 'audit'

The word 'audit' originates from the Latin word 'audire', which means 'to hear' or 'to listen'. In ancient Rome, officials would 'audit' public accounts by listening to them being read aloud. Over time, the term evolved to refer to a formal examination of accounts, records, or processes to ensure accuracy and compliance.

See also: auditing, audition, auditor, auditorium, auditory.

Word Frequency Rank

With rank #4,564, this word represents useful upper-intermediate vocabulary. Understanding and using it will help you express more complex ideas effectively.