Money and banking / B2

ORD-it/ˈɔːdɪt/

An audit is an official examination of accounts or processes: a financial audit, an energy audit. Check is everyday and weaker; inspection is close for procedures. Audit can be a verb (audit the books). Auditor is the person. The word is official and slightly intimidating. In speech, an official check of the accounts is clearer. Do not use it for a quick glance at your own spending (that is a review).

Meaning

An official examination of accounts or processes.

Examples

• “The school had a financial audit last year.”
• “The school had a financial audit at the end of the year.”
• “They audited the marking process after three complaints.”

Good to know

An official check of accounts or processes. Verb: audit. Person: auditor. Everyday: official check. Stronger than a review.

Near in meaning

inspection

Topics

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