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

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.
Recent Examples on the Web: Noun The vast fraud scheme was uncovered in 2020 by a state audit of federal funds allocated to state agencies. Melissa Alonso, CNN, 22 Sep. 2022 Chipotle is the latest company to land on the wrong side of a New Jersey audit. Katie Sobko, USA TODAY, 21 Sep. 2022 Called Safety Check, this setting doubles as a fast security and privacy audit that everyone should check out. Heather Kelly, Washington Post, 21 Sep. 2022 For example, seeing something grow on Shazam is beautiful, a Spotify play count is a live audit of how much money your music is generating, a radio play tracker can show you where the support is. Orlando Higginbottom, Billboard, 14 Sep. 2022 The conclusions are similar to findings from a group of outside experts in 2019 who conducted a safety audit of the MBTA after several derailments. Laura Crimaldi, BostonGlobe.com, 14 Sep. 2022 The cost was summarized by the group tasked with a sweeping audit of the Defense Department to identify, rename, modify or remove assets that commemorate the battlefield exploits of those who fought during the Civil War to preserve slavery. Alex Horton, Anchorage Daily News, 14 Sep. 2022 The charity is selling the former drug- and alcohol-treatment center on East 7th Street in National City to resolve millions of dollars in county funds that a recent audit found had been misspent by Volunteers of America. Jeff Mcdonald, San Diego Union-Tribune, 13 Sep. 2022 In 2019, New Jersey asked Uber to pay nearly $650 million—$523 million in unemployment and disability insurance taxes and $119 million in penalties and interest—following a state audit examining company data from 2014 to 2018. Jennifer Calfas, WSJ, 13 Sep. 2022 Recent Examples on the Web: Verb Under the Sarbanes-Oxley Act of 2002, accounting firms that audit a company’s books are prohibited from providing certain consulting services, for example implementing new software for a client. Mark Maurer, WSJ, 16 Sep. 2022 The far-reaching proposal would separate EY’s accountants who audit companies such as Amazon.com Inc. from its faster-growing consulting business, which advises on tax issues, deals and more. Jean Eaglesham, WSJ, 8 Sep. 2022 Beyond our own determination, these standards and processes are also very critical for some of our big customers, who audit these specifications for their own ESG guidelines. Christopher Marquis, Forbes, 9 June 2022 When the insurer moved to audit the clinic, staff members changed documents and test results to support treatment. Amy Yurkanin | Ayurkanin@al.com, al, 29 Aug. 2022 Republicans unsuccessfully tried to prohibit the IRS from using any of the new funds to audit taxpayers with incomes below $400,000. Maureen Groppe, USA TODAY, 25 Aug. 2022 Or at least that’s the inescapable conclusion from a new report conducted by the U.S. General Accountability Office, a watchdog federal agency established to audit the rest of the federal government, including the Department of Defense. Kyle Mizokami, Popular Mechanics, 28 June 2022 For example, if healthcare institutions share patient data in unauthorized cloud applications, they may be compelled to audit, identify and disclose the breadth and impact of each event. Gavin Garbutt, Forbes, 19 July 2022 In some cases, international firms hired to audit or advise the government, including Bain & Company, McKinsey, and KPMG, were also implicated. Ryan Lenora Brown, Washington Post, 22 June 2022 See More

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.

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

Learn More About audit

Time Traveler for audit

Time Traveler

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

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Dictionary Entries Near audit

audism

audit

audit ale

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Statistics for audit

Last Updated

26 Sep 2022

Cite this Entry

“Audit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/audit. Accessed 1 Oct. 2022.

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More Definitions for audit

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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