- 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 re-audit
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.