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 Most of the first shipment of tests were never used, according to the audit, and the state had to buy 500,000 replacements at an additional cost. Pamela Wood, baltimoresun.com, "Maryland lawmaker seeks investigation of state’s purchase of COVID tests from South Korean company," 14 May 2021 Prosper Portland executive director Kimberly Branam and Mayor Ted Wheeler defended the grant process in a letter responding to the audit. oregonlive, "Portland skipped safeguards in haste to get coronavirus relief grants to small businesses, audit finds," 12 May 2021 The requests are subject to an audit by the Government Accountability Office. Elizabeth Thompson, Dallas News, "Texas delegation requests close to $2 billion in funding request ‘earmarks’," 7 May 2021 Hobbs on Twitter went into more detail on the threats related to the audit. Joshua Bowling, The Arizona Republic, "Ducey orders DPS protection for Secretary of State Katie Hobbs and her family following death threats," 7 May 2021 The office spent more than $4,000 on body armor, ammunition, holsters and tactical pants within Anderson’s first two months on the job, according to an audit completed last year. Annie Martin, orlandosentinel.com, "Help from Joel Greenberg, his allies boosted Seminole election chief’s rise to public office," 6 May 2021 This can cover both internal and external processes, ranging from an evaluation of staff responsibilities and capabilities to an audit of communications materials. Tanya Meck, Forbes, "How To Prepare Now For Post-Pandemic Employee Turnover," 4 May 2021 Unlike Wells and BofA, BlackRock is agreeing to a racial audit. Kate Gibson, CBS News, "Wall Street and Silicon Valley have little to show for diversity pledges, critics say," 27 Apr. 2021 Cyber Ninjas began a manual recount of ballots Friday, a day after Democrats asked a judge to put an end to the audit. Jonathan J. Cooper And Bob Christie, chicagotribune.com, "Arizona Republicans are auditing election results using company run by man who spread conspiracy theories about them," 25 Apr. 2021 Recent Examples on the Web: Verb The county can monitor and audit the construction manager’s books and records. Peter Krouse, cleveland, "Comparing Cuyahoga County’s desired method of building a jail, and the alternatives," 2 May 2021 The new law calls for a 13-member council that will hire an independent firm to audit the impacts of fraudulent claims and improper payments beginning last year. From Usa Today Network And Wire Reports, USA TODAY, "Burning Man, motel vaccinations, eviction law help: News from around our 50 states," 28 Apr. 2021 While some companies struggle to hire external auditors to audit their financial statements, there isn’t a bottleneck for executives looking to engage a valuation firm. Mark Maurer, WSJ, "Companies Merging With SPACs Face Challenges Around Valuations, Controls," 13 Apr. 2021 Local leaders also have been concerned about losing their right to audit taxpayers in their jurisdictions. David Jacobs, Washington Examiner, "Louisiana House speaker proposes centralized sales tax amendment," 25 Mar. 2021 The office of the city comptroller, which can audit union accounts that receive taxpayer dollars, last examined the PBA defense fund in 1994. Jake Pearson, ProPublica, "A Police Union Contract Puts Taxpayers on the Hook to Defend Officers When the City Won’t," 26 Mar. 2021 Tether’s continued refusal to fully audit itself, combined with its feverish printing of new coins, has led many critics to question even this 74 percent number. Jacob Silverman, The New Republic, "Is Tether Just a Scam to Enrich Bitcoin Investors?," 13 Jan. 2021 To conduct first-party data collection, audit your company’s CRM, website analytics and sales tools. Zach Williams, Forbes, "How Businesses Can Market In A Third-Party Cookieless World," 9 Apr. 2021 Far better, the IRS figures, to audit low-income filers claiming the Earned Income Tax Credit. Timothy Noah, The New Republic, "How the Top 0.01 Percent Became America’s Criminal Class," 24 Mar. 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

17 May 2021

Cite this Entry

“Audit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/audit. Accessed 18 May. 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

Thesaurus: All synonyms and antonyms for audit

Nglish: Translation of audit for Spanish Speakers

Britannica English: Translation of audit for Arabic Speakers

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