Vocabulary Entry

audit

|noun • verb

noun

A formal examination of financial accounts.

Example Sentences

"The company underwent an audit to ensure compliance with financial regulations."

"After the audit, the accountant found several discrepancies in the books."

"An annual audit is essential for maintaining transparency with investors."

verb

Example Sentences

"The firm will audit your financial records next month."

"She was hired to audit the nonprofit's accounts for irregularities."

"They need to audit their expenses to identify unnecessary costs."