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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)
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