verb (used with object)
verb (used without object)
Origin of audit
- an inspection, correction, and verification of business accounts, conducted by an independent qualified accountant
- (as modifier)audit report
Word Origin for 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.