IPA: /ˈɔːdɪt/
KK: /ˈɔːdɪt/
intransitive verb
Definition: To review or inspect financial records to ensure accuracy and compliance with regulations.
Example: The company will audit its financial statements at the end of the fiscal year.
noun
Definition: A careful review of financial records or accounts to ensure they are correct and accurate.
Example: The company hired an external firm to conduct an audit of its financial statements.
transitive verb
Definition: To examine and check the accuracy of financial records or accounts, often conducted by an independent party.
Example: The company hired an external firm to audit its financial statements for accuracy.