- an official examination and verification of accounts and records, especially of financial accounts.
- a report or statement reflecting an audit; a final statement of account.
- the inspection or examination of a building or other facility to evaluate or improve its appropriateness, safety, efficiency, or the like: An energy audit can suggest ways to reduce home fuel bills.
- Archaic. a judicial hearing.
- Obsolete. an audience.
- to make an audit of; examine (accounts, records, etc.) for purposes of verification: The accountants audited the company's books at the end of the fiscal year.
- to attend (classes, lectures, etc.) as an auditor.
- to make an audit of (a building or other facility) to evaluate or improve its safety, efficiency, or the like.
- to examine and verify an account or accounts by reference to vouchers.
Origin of audit
- an inspection, correction, and verification of business accounts, conducted by an independent qualified accountant
- (as modifier)audit report
- US an audited account
- any thoroughgoing check or examination
- archaic a hearing
- to inspect, correct, and certify (accounts, etc)
- US and Canadian to attend (classes, etc) as an auditor
Word Origin and History for auditable
early 15c., from Latin auditus "a hearing," past participle of audire "hear" (see audience). Official examination of accounts, which originally was an oral procedure.
mid-15c., from audit (n.). Related: Audited; auditing.
The examination by an outside party of the accounts of an individual or corporation.