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 audit (audio) \ noun
auditable \ ˌȯ-​di-​tə-​bəl How to pronounce audit (audio) \ adjective
auditee \ ˌȯ-​də-​ˈtē How to pronounce audit (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 The new guidelines remain a work in progress; the State Council's statement says that officials are still drawing up specific rules for cross-border data audit and regulation. Yvonne Lau, Fortune, 7 July 2021 Good examples are compliance, audit and incident response. Expert Panel®, Forbes, 7 July 2021 El Salvador’s award-winning independent news outlet El Faro also has suffered public attacks by Bukele and his supporters, a government audit and its staff has reported being followed by strangers. Christopher Sherman, ajc, 5 July 2021 El Salvador's award-winning independent news outlet El Faro also has suffered public attacks by Bukele and his supporters, a government audit and its staff has reported being followed by strangers. Christopher Sherman, Star Tribune, 5 July 2021 Often cases involving fringe benefit violations remain between the company and the Internal Revenue Service, and may just result in an audit or back taxes with a penalty being paid. chicagotribune.com, 2 July 2021 Besides, California could get the same information on a case-by-case basis using subpoenas or audit letters. The Editorial Board, WSJ, 1 July 2021 Attorneys representing Fulton County reiterated that the case should be dismissed, citing no proof of election fraud, while plaintiffs continued to air skepticism regarding Georgia's manual recount and November audit. Rick Klein, Averi Harper, ABC News, 22 June 2021 Whaley said unlike the Statehouse, Dayton did take steps to prevent the type of scheme orchestrated by Williams, including an independent audit and the city manager changing the contracting process. cleveland, 1 June 2021 Recent Examples on the Web: Verb The firm didn’t audit a company in the FTSE 250 last year, according to the FRC. Kristin Broughton, WSJ, 14 July 2021 Director Taylor Winston said that her office can audit the work of police and prosecutors. Author: Greg Kim, Anchorage Daily News, 25 Mar. 2021 Miami-Dade County immediately will audit all buildings 40 years and older in an effort to ensure the safety of other structures. Compiled Democrat-gazette Staff From Wire Reports, Arkansas Online, 27 June 2021 The committee would audit the utilities’ and the city’s emergency preparedness annually. Diego Mendoza Moyers, San Antonio Express-News, 25 June 2021 Basically, companies in a blue sky world should audit policies annually. Expert Panel®, Forbes, 14 June 2021 The agency did not audit most of the 32 private equity firms that were the subject of one whistle-blower’s claims, according to an I.R.S. document reviewed by The Times. New York Times, 12 June 2021 Common in retail leases, percentage rent or turnover rent calculation requires you to share a percentage of your gross sales with your landlord, who often has the right to audit your books to validate the numbers. Marc Betesh, Forbes, 18 June 2021 The International Revenue Service budget to audit companies and wealthy Americans was slashed over the past decade, further enabling this bad behavior. Jeffrey Sachs, CNN, 10 June 2021

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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Time Traveler for audit

Time Traveler

The first known use of audit was in the 15th century

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Statistics for audit

Last Updated

16 Jul 2021

Cite this Entry

“Audit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/audit. Accessed 25 Jul. 2021.

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More Definitions for audit

audit

noun

English Language Learners Definition of audit

 (Entry 1 of 2)

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

audit

verb

English Language Learners Definition of audit (Entry 2 of 2)

: to check the financial records of (a business or person) : to perform an audit on (a business or person)
US : to attend a course at a college or university without having to do any of the course work and without receiving credit

audit

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

Kids Definition of audit

 (Entry 1 of 2)

: a thorough check of business accounts

audit

verb
audited; auditing

Kids Definition of audit (Entry 2 of 2)

: to thoroughly check the business records of

audit

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

Legal Definition of audit

: a formal examination of financial records often to uncover fraud or inaccurate tax returns also : the final report of such an examination

Other Words from audit

audit verb

More from Merriam-Webster on audit

Nglish: Translation of audit for Spanish Speakers

Britannica English: Translation of audit for Arabic Speakers

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