audit


2audit

verb

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

Examples of AUDIT

  1. They audit the company books every year.
  2. The Internal Revenue Service audited him twice in 10 years.
  3. I audited an English literature class last semester.

First Known Use of AUDIT

15th century

Other Business Terms

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

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