Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “audit”

audit

noun [C or U]
 
 
/ˈɔːdɪt/
ACCOUNTING an examination of the accounts of a business, usually by experts from outside the business: A full audit is performed each year by a district auditor. We conducted an audit of the accounts for the year 2009/10. Companies must issue a statutory audit report.an audit committee/firm/team Members of the audit committee must be independent.
an official examination of the quality or condition of something: complete/conduct/do/undertake an audit We conduct an annual audit to ensure that we comply with standards.a performance/quality/skills audit Departments must carry out an internal quality audit. Managers should undertake an audit of staff performance. an independent audit of needs and facilities The whole process is subject to audit and inspection.
→ See also brand audit, continuous audit, cultural audit, design audit, energy audit, environmental audit, external audit, financial audit, green audit, information audit, internal audit, IT audit, management audit, market audit, non-audit, performance audit, position audit, social audit, tax audit
(Definition of audit noun from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of audit?
Add Cambridge dictionaries to your browser to your website

Definitions of “audit” in other dictionaries

Word of the Day

maiden

a girl or young woman

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More