From Longman Dictionary of Contemporary Englishauditau‧dit1 /ˈɔːdɪt $ ˈɒː-/ noun [countable, uncountable] 🔊 🔊 1an officialexamination of a company’s financialrecords in order to check that they are correct 🔊 the annual auditinternal audit (=an audit carried out by a company’s own staff)2 formal a detailed examination of something in order to check if it is good enough 🔊 Start with an audit of existing services within the community.
auditaudit2 verb [transitive] 🔊 🔊 1BFto officially examine a company’s financial records in order to check that they are correct2American EnglishSEC to attend a course at university without intending to take examinations in it or get a credit for it→ See Verb table
Examples from the Corpus
audit• The LaborDepartmentaudited 10,631 job orders that were related to H-1B applications.• The C. and A. G. is given the responsibility for auditing all appropriation accounts by the 1921 Act.• The fund is audited annually by an accountant.• So he does his own audit before the company audits him.• Process and outcomecriteria are standards against which to audit standards of practice.From Longman Business Dictionaryauditau‧dit1 /ˈɔːdətˈɒː-/ noun [countable]1ACCOUNTING an official examination of a person’s or organization’s accounts by an expert, to check that they are true and honestAn audit of the company showed accumulated losses of £1.5 billion.The accounts will need to have an independent audit before they can be submitted.We carry out a full internal audit once a year. →continuous audit →external audit2HUMAN RESOURCESCOMMERCEan examination of an organization’s activities or performanceThe prison population has risen by 2,500 in the last six months, according to a government audit.She wants the oil company to agree to an external audit of its environmental policies. →green audit →social auditauditaudit2 verb [transitive]1ACCOUNTING to officially check that an individual’s or organization’s accounts are true and honestTo taxpayers who’ve been audited, the Internal Revenue Service is a frightening organization.2COMMERCEECONOMICSto check a particular part of an organization’s activities or performanceWhen the cars it builds in Canada were audited, they were accepted as having the 50% North American content required under trade rules.→ See Verb table