noun

audit

audit, inspection, examination

The company has an annual audit.

The company has an annual audit.

((an audit)) ((of sth.)) an official inspection of an organization's accounts They conducted an audit of the company's finances.

Synonyms: inspection, review, examination, check

From Latin 'auditus', a hearing, from 'audire' (to hear). Originally, accounts were presented orally for checking.

An 'audit' is when someone comes to 'hear' your accounts and check if they are correct.

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