auditˈɔ dɪt
audit (v)
- present
- audits
- past
- audited
- past participle
- audited
- present participle
- auditing
audit (n)
- plural
- audits
English Definitions:
audited account, audit (noun)
an inspection of the accounting procedures and records by a trained accountant or CPA
audit (verb)
a methodical examination or review of a condition or situation
"he made an audit of all the plants on his property"; "an energy efficiency audit"; "an email log audit"
audit, scrutinize, scrutinise, inspect (verb)
examine carefully for accuracy with the intent of verification
"audit accounts and tax returns"
audit (verb)
attend academic courses without getting credit
audit (Noun)
An examination in general.
audit (Noun)
A judicial examination.
audit (Noun)
An independent review and examination of records and activities to assess the adequacy of system controls, to ensure compliance with established policies and operational procedures, and to recommend necessary changes in controls, policies, or procedures
audit (Noun)
Spiritual counseling, which forms the core of Dianetics.
audit (Verb)
To conduct an independent review and examination of system records and activities in order to test the adequacy and effectiveness of data security and data integrity procedures, to ensure compliance with established policy and operational procedures, and to recommend any necessary changes
audit (Verb)
To attend an academic class on a not-for-academic-credit basis.
Audit
The general definition of an audit is an evaluation of a person, organisation, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, internal auditing, and government auditing, but similar concepts also exist in project management, quality management, water management, and energy conservation. Auditing is defined as a systematic and independent examination of data, statements, records, operations and performances of an enterprise for a stated purpose. In any auditing the auditor perceives and recognizes the propositions before him for examination, collects evidence, evaluates the same and on this basis formulates his judgment which is communicated through his audit report.
Audit
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report.Audits provide third-party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other commonly audited areas include: secretarial and compliance, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may evaluate and improve the effectiveness of risk management, control, and governance over the subject matter. Auditing has been a safeguard measure since ancient times, and has since expanded to encompass so many areas in the public and corporate sectors that academics have started identifying an "Audit Society".
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"audit." Kamus.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.kamus.net/english/audit>.
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