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Topic: Finance

audit

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.

auditable

IPA: /ˈɔːdɪtəbl/

KK: /ˈɔːdɪtəbl/

adjective

Definition: Capable of being examined or reviewed for accuracy and compliance, especially in financial contexts.

Example: The company's financial records are auditable, ensuring transparency and accountability.

auditee

IPA: /ɔːˈdiːti/

KK: /ɔːˈdɪti/

noun

Definition: A person or organization that is being examined or evaluated during an audit process.

Example: The auditee provided all the necessary documents for the financial review.

auditor

IPA: /ˈɔːdɪtər/

KK: /ˈɔːdɪtər/

noun

Definition: A person who checks and reviews financial records to ensure they are accurate and comply with laws and regulations.

Example: The auditor found several discrepancies in the company's financial statements.

availability

IPA: /əˌveɪləˈbɪləti/

KK: /əˌveɪləˈbɪləti/

noun

Definition: The state of being able to be used or obtained; the quality of being present and ready for use.

Example: The availability of fresh fruits and vegetables is important for a healthy diet.

available

IPA: /əˈveɪləbl/

KK: /əˈveɪləbəl/

adjective

Definition: Able to be used or obtained; accessible or ready for use.

Example: The new software is now available for download.

backdate

IPA: /ˈbækˌdeɪt/

KK: /ˈbækˌdeɪt/

transitive verb

Definition: To assign an earlier date to something than the date it was actually created or issued.

Example: The accountant decided to backdate the invoice to the previous month.

backed

IPA: /bækt/

KK: /bækt/

adjective

Definition: Having a support or backing, often referring to furniture or structures that have a rear part for support.

Example: The low-backed chair was perfect for the small dining room.

backer

IPA: /ˈbækər/

KK: /ˈbækər/

noun

Definition: A person or organization that supports someone or something, usually by providing money or resources.

Example: The backer of the new film project provided the necessary funding to get it started.

backfill

IPA: /ˈbækˌfɪl/

KK: /ˈbækˌfɪl/

noun

Definition: Material that is used to fill in a hole or an excavated area, often after construction or digging work is completed.

Example: The workers used sand as backfill to level the ground after the pipes were installed.

transitive verb

Definition: To refill an area that has been dug out, usually with soil or other materials.

Example: The construction crew will backfill the trench after laying the pipes.

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