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 The safety commission has been focused in particular on the operation of the ROCC and is in the final stages of an audit. Ian Duncan, Washington Post, "Several communication failures compounded Metro Red Line derailment, safety commission head says," 4 Aug. 2020 Deputy Assistant Attorney General Melissa MacTough of the National Security Division submitted a 73-page filing with the FISA Court in June, detailing the DOJ’s review of 14 of the 29 FISA filings from the DOJ’s watchdog audit. Jerry Dunleavy, Washington Examiner, "DOJ: Review 'should instill confidence' in FBI use of FISA," 3 Aug. 2020 The audit came months after an inspector general report on the FBI's Russia investigation found significant errors and omissions in applications the agency had submitted to wiretap a former Trump campaign aide. Eric Tucker, Star Tribune, "FBI: Review of surveillance applications found minor errors," 30 July 2020 The duplicate billings were submitted to the Convention and Facilities Development Corporation and JumpStart between 2014 and June 2019, the audit states. Courtney Astolfi, cleveland, "BioEnterprise, former promoter of Global Center for Health Innovation, double-billed Cuyahoga County and state taxpayers, audit finds," 9 July 2020 But the audit also revealed where Facebook falls short. Danielle Abril, Fortune, "5 key things Facebook must improve, according to civil rights audit," 8 July 2020 Fintech companies also may have more than one business model, which can add to the complexity of an audit. Mark Maurer, WSJ, "Wirecard Probe Brings Scrutiny to How Fintech Companies Are Audited," 8 July 2020 The final version of the civil rights audit is expected to be released Wednesday. Jessica Guynn, USA TODAY, "What civil rights groups want from Facebook boycott: Stop hate speech and harassment of Black users," 8 July 2020 Asked to comment on the audit and critical statements by civil rights leaders, a Facebook spokesperson referred to a blog post Tuesday by Sandberg. Sidney Fussell, Wired, "An Audit Slams Facebook as a Home for Misinformation and Hate," 8 July 2020 Recent Examples on the Web: Verb Treasury Secretary Steven Mnuchin soon said the government would audit loans above $2 million, though some experts have their doubts. Washington Post, "Small business program scrutinized for loans to big firms," 7 July 2020 Audit partners’ pay will be based on their contribution to audit practice profits, the FRC said. Nina Trentmann, WSJ, "U.K. Regulator Orders Big Four to Separate Audit Practices by 2024," 6 July 2020 Cities are laying out plans to audit their 911 call systems and review how police officers use over time. Rachel Swan, SFChronicle.com, "The future of Bay Area policing is coming into focus as cities and agencies slash budgets and redirect money," 1 July 2020 In the past, the IRS was able to audit tax returns the year after they’re filed. Paul Kiel, ProPublica, "Has the IRS Hit Bottom?," 30 June 2020 Treasury Secretary Steven Mnuchin said in late April the government will audit PPP loans over $2 million when the borrowers apply for loan forgiveness. Stephen Gandel, CBS News, "A company with $600 million in sales got a federal loan meant for small businesses," 26 June 2020 Throughout the Covid-19 crisis, we’ve all been forced to audit our friendship circles. Zoe Beaty, refinery29.com, "Is Lockdown Making Our Friendships Decay?," 18 June 2020 Change is happening as the Black Lives Matter movement shifts social attitudes, power brokers respond to those shifts, and callouts audit the sincerity of those responses—leading to tangible, not merely rhetorical, concessions. Spencer Kornhaber, The Atlantic, "It’s Not Callout Culture. It’s Accountability.," 16 June 2020 But on Thursday, the county elections board voted 3-2 not to audit the rest of the roughly 3,000 absentee ballots. Time, "Georgia Mail-In Ballot Issues May Have Left Thousands of Votes Uncounted: Election Officials," 13 June 2020

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

8 Aug 2020

Cite this Entry

“Audit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/audit. Accessed 14 Aug. 2020.

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More Definitions for audit

audit

noun
How to pronounce audit (audio)

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

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More from Merriam-Webster on audit

Thesaurus: All synonyms and antonyms for audit

Spanish Central: Translation of audit

Nglish: Translation of audit for Spanish Speakers

Britannica English: Translation of audit for Arabic Speakers

Comments on audit

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