1 audit | Definition of audit

audit

noun
au·​dit | \ ˈȯ-dət How to pronounce audit (audio) \

Definition of audit

 (Entry 1 of 2)

1a : a formal examination of an organization's or individual's accounts or financial situation The audit showed that the company had misled investors.
b : the final report of an audit
2 : a methodical examination and review an energy audit of the house

audit

verb
audited; auditing; audits

Definition of audit (Entry 2 of 2)

transitive verb

1 : to perform an audit of or for audit the books audit the company
2 : to attend (a course) without working for or expecting to receive formal credit audited a foreign language course

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Other Words from audit

Verb

auditability \ ˌȯ-​də-​tə-​ˈbi-​lə-​tē How to pronounce auditability (audio) \ noun
auditable \ -​ˌȯ-​di-​tə-​bəl How to pronounce auditable (audio) \ adjective
auditee \ ˌȯ-​də-​ˈtē How to pronounce auditee (audio) \ noun

Examples of audit in a Sentence

Noun

The Internal Revenue Service selected us for an audit. You will need all your records if you are selected for audit by the IRS.

Verb

They audit the company books every year. The Internal Revenue Service audited him twice in 10 years. I audited an English literature class last semester.
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Recent Examples on the Web: Noun

Her first steps will include conducting an audit of St. Thomas’ policies on diversity and inclusion. Zekriah Chaudhry, Twin Cities, "St. Thomas seeks to boost diversity goals with new member of president’s cabinet," 23 Aug. 2019 The Solution Try an eco-audit of your own daily beauty and grooming regimen. Olivia Fleming, Harper's BAZAAR, "The Problem with Beauty Packaging," 12 Aug. 2019 Former Attorney General Josh Hawley began an audit of the backlog in 2017 after the Columbia Missourian reported Missouri had never done a statewide review of untested rape kits. USA TODAY, "Smokey Bear, tarantula trek, censoring Adam and Eve: News from around our 50 states," 9 Aug. 2019 Jerry Brown directed the state Department of Finance last fall to conduct an audit of Motor Voter. Alexei Koseff, SFChronicle.com, "Problems with DMV voter program didn’t hurt election, study finds," 9 Aug. 2019 The issues presented in Simonson’s letter echo problems that led state officials to launch an audit of Sweetwater last year for potential fraud. San Diego Union-Tribune, "Sweetwater school district budget understated spending by as much as $20 million, county official says," 8 Aug. 2019 There should be rules of engagement, influencer watch-dogs, and audits of influence and importance. Alain Sylvain, Quartz at Work, "What happens when social media’s “cancel culture” misses the point?," 1 Aug. 2019 So are officials in Jamaica, where an island-wide security audit of resorts was ordered in the wake of the Free Press investigation, which detailed the rapes of two Detroit women who were attacked at gunpoint by a Jamaican resort employee last fall. Tresa Baldas, Detroit Free Press, "State Department yanks data on U.S. tourists harmed in Jamaica," 23 July 2019 In 2011 the sector also created the Center for Offshore Safety, which analyzes potential safety hazards, facilitates third-party audits of offshore procedures, and constantly shares safety performance data to prevent future incidents. Robert L. Bradley Jr., National Review, "Green Groups Fight Trump’s Oil-Drilling Deregulation," 26 June 2019

Recent Examples on the Web: Verb

The commission, including Figueroa-Villa, then voted to audit the program in 2018, according to Ethics Commission records and a transcript of a Police Commission meeting. Los Angeles Times, "LAPD Commissioner Sandra Figueroa-Villa failed to disclose income from city contracts," 30 Aug. 2019 As interpreted by the courts, that law criminalizes breaking a website or platform’s terms of service, an often necessary step for researchers trying to audit online AI systems for unfair biases. Alejandro De La Garza, Time, "Meet the Researchers Working to Make Sure Artificial Intelligence Is a Force for Good," 23 Aug. 2019 Roy and Hertz said the district plans to hire investigators who specialize in online security and workplace fraud to audit the transaction and suggest reforms. oregonlive.com, "Portland Public Schools nearly scammed out of $2.9 million," 19 Aug. 2019 Obey also has refused Sunseeker’s request to audit the dealer’s books and refused to provide purchase and sale agreements for customers who ordered boats through the dealer, Sunseeker’s suit states. Ron Hurtibise, sun-sentinel.com, "Trapped in companies’ feud, yacht buyer says he paid $4 million for new boat he never got | PHOTOS," 29 July 2019 His staff spent weeks vetting their content and procedures against Google News’s rules for publishers, even hiring a consultant to audit their practices. Justin Bank, New York Times, "Big Tech, a Conservative Provocateur and the Fight Over Disinformation," 21 Aug. 2019 Corcoran said the district should audit the school for the next 60 days to ensure the school has coverage and provide coverage if needed. Scott Travis, sun-sentinel.com, "Broward district takes over charter school due to armed security lapse," 20 Aug. 2019 Professional firms offer audit services, and massive companies like Facebook are familiar with them: the social network employed the firm PricewaterhouseCoopers to audit its compliance with an FTC order imposed in 2011. Colin Lecher, The Verge, "Facebook will have to monitor its own privacy rules — and that’s likely not enough," 24 July 2019 On Friday, the diocese announced that an independent auditor had been chosen to audit its accounts. Doug Stanglin, USA TODAY, "West Virginia attorney general calls on diocese to 'come clean' on allegations against former bishop," 20 July 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'audit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of audit

Noun

15th century, in the meaning defined at sense 1a

Verb

15th century, in the meaning defined at sense 1

History and Etymology for audit

Noun

Middle English audyte "examination of accounts, judicial hearing," borrowed from Medieval Latin audītus "sense of hearing, act of listening, right to judicial hearing, examination of accounts," going back to Latin, "sense or act of hearing," from audīre "to hear" + -tus, suffix of action nouns — more at audible entry 1

Note: The sense "examination of accounts," attested relatively late in Medieval Latin, is based on the word audītor, which in the meaning "one who examines accounts" is recorded much earlier—see auditor.

Verb

Middle English audyten, derivative of audyte audit entry 1; in sense 2 back-formation from auditor

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More Definitions for audit

audit

noun

Financial Definition of audit

What It Is

In the tax world, an audit refers to the review of a taxpayer's tax return for accuracy.

In the accounting world, an audit is the examination and verification of a company's financial statements and records, and in the United States, examination for their compliance with Generally Accepted Accounting Principles (GAAP).

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