audit

1 of 2

noun

au·​dit ˈȯ-dət 

1

a

: 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

2 of 2

verb

audited; auditing; audits

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

auditability

ˌȯ-də-tə-ˈbi-lə-tē 

noun

auditable

ˌȯ-di-tə-bəl 

adjective

auditee

ˌȯ-də-ˈtē 

noun

Synonyms

Noun

• check
• checkup
• examination
• going-over
• inspection
• look-see
• review
• scan
• scrutiny
• survey
• view

Verb

• check (out)
• con
• examine
• inspect
• overlook
• oversee
• review
• scan
• scrutinize
• survey
• view

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

Those audits started in the spring of 2024 and focused on aircraft usage by large corporations, large partnerships, and high-income taxpayers. —Kelly Phillips Erb, Forbes, 30 Dec. 2024

The bottom line: Gains are nice but audits aren't: Get ready to back up your filings before April. —Brady Dale, Axios, 30 Dec. 2024

Verb

Software that audits energy usage will enable businesses to reduce their bills and their emissions. —Trevor Clawson, Forbes, 30 Dec. 2024

The deal is being reviewed by a body helmed by Treasury Secretary Janet Yellen that audits foreign takeovers of U.S. firms, called the Committee on Foreign Investment in the United States (CFIUS). —Afp, Fortune Asia, 3 Dec. 2024

Word History

Etymology

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

First Known Use

Noun

15th century, in the meaning defined at sense 1a

Verb

15th century, in the meaning defined at sense 1

Phrases Containing audit

• audit trail

Kids Definition

audit

1 of 2 noun

au·​dit ˈȯd-ət 

1

: a thorough check of accounts especially of a business

2

: a careful check or review

an energy audit of our house

audit

2 of 2 verb

: to make an audit of

Legal Definition

audit

noun

au·​dit ˈȯ-dət 

: a formal examination of financial records often to uncover fraud or inaccurate tax returns

also : the final report of such an examination

audit verb