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Auditing: meaning, definitions and examples

๐Ÿ”
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auditing

 

[ หˆษ”หdษชtษชล‹ ]

Noun / Verb
Context #1 | Noun

financial reporting

Auditing is the examination and verification of a company's financial and accounting records and supporting documents by an independent auditor.

Synonyms

examination, inspection, review.

Examples of usage

  • Auditing helps ensure the accuracy and reliability of financial statements.
  • The auditing process involves gathering evidence to support the financial transactions reported by the company.
Context #2 | Noun

quality control

Auditing can also refer to the process of assessing the quality management systems and practices within an organization to ensure compliance with standards and regulations.

Synonyms

assessment, evaluation, monitoring.

Examples of usage

  • The ISO 9001 standard requires regular auditing of companies to maintain certification.
  • Internal auditing helps organizations identify areas for improvement in their processes.
Context #3 | Verb

action

To audit means to conduct an official examination or review of something, especially financial accounts.

Synonyms

examine, inspect, review.

Examples of usage

  • The government audits businesses to ensure tax compliance.
  • The auditor audited the company's financial statements for accuracy.

Translations

Translations of the word "auditing" in other languages:

๐Ÿ‡ต๐Ÿ‡น auditoria

๐Ÿ‡ฎ๐Ÿ‡ณ เคฒเฅ‡เค–เคพ เคชเคฐเฅ€เค•เฅเคทเคพ

๐Ÿ‡ฉ๐Ÿ‡ช Prรผfung

๐Ÿ‡ฎ๐Ÿ‡ฉ audit

๐Ÿ‡บ๐Ÿ‡ฆ ะฐัƒะดะธั‚

๐Ÿ‡ต๐Ÿ‡ฑ audyt

๐Ÿ‡ฏ๐Ÿ‡ต ็›ฃๆŸป (ใ‹ใ‚“ใ•)

๐Ÿ‡ซ๐Ÿ‡ท audit

๐Ÿ‡ช๐Ÿ‡ธ auditorรญa

๐Ÿ‡น๐Ÿ‡ท denetim

๐Ÿ‡ฐ๐Ÿ‡ท ๊ฐ์‚ฌ

๐Ÿ‡ธ๐Ÿ‡ฆ ุชุฏู‚ูŠู‚

๐Ÿ‡จ๐Ÿ‡ฟ audit

๐Ÿ‡ธ๐Ÿ‡ฐ audit

๐Ÿ‡จ๐Ÿ‡ณ ๅฎก่ฎก (shฤ›njรฌ)

๐Ÿ‡ธ๐Ÿ‡ฎ revizija

๐Ÿ‡ฎ๐Ÿ‡ธ endurskoรฐun

๐Ÿ‡ฐ๐Ÿ‡ฟ ะฐัƒะดะธั‚

๐Ÿ‡ฌ๐Ÿ‡ช แƒแƒฃแƒ“แƒ˜แƒขแƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ audit

๐Ÿ‡ฒ๐Ÿ‡ฝ auditorรญa

Etymology

The word 'auditing' originated from the Latin word 'audire', which means 'to hear'. In ancient times, auditors would listen to the oral statements of individuals to verify their accuracy. Over time, auditing evolved into a more formal process of examining financial records and practices. The modern concept of auditing as a systematic review of financial information emerged in the 19th century with the development of accounting standards and professional auditing practices.

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

Word Frequency Rank

Ranked #10,884, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.