Dictionary

1audit

noun au·dit \ˈ-dət\

: a complete and careful examination of the financial records of a business or person

: a careful check or review of something

Full Definition of AUDIT

1
a :  a formal examination of an organization's or individual's accounts or financial situation
b :  the final report of an audit
2
:  a methodical examination and review
ADVERTISEMENT

Origin of AUDIT

Middle English, from Latin auditus act of hearing, from audire
First Known Use: 15th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Rhymes with AUDIT

2audit

verb

: to check the financial records of (a business or person) : to perform an audit on (a business or person)

: to attend a course at a college or university without having to do any of the course work and without receiving credit

Full Definition of AUDIT

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
au·dit·abil·i·ty \ˌ-də-tə-ˈbi-lə-tē\ noun
au·dit·able \-ˌ-di-tə-bəl\ adjective
au·dit·ee \ˌ-də-ˈtē\ noun

First Known Use of AUDIT

15th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite
AUDIT Defined for Kids

1audit

noun au·dit \ˈ-dət\

Definition of AUDIT for Kids

:  a thorough check of business accounts

2audit

verb
au·dit·edau·dit·ing

Definition of AUDIT for Kids

:  to thoroughly check the business records of

Browse

7 ENTRIES FOUND:
Next Word in the Dictionary: audit alePrevious Word in the Dictionary: audismAll Words Near: audit
ADVERTISEMENT
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears