Definition of "audit" []

• An examination of records or financial accounts to check their accuracy. (noun)
• An adjustment or correction of accounts. (noun)
• An examined and verified account. (noun)
• To examine, verify, or correct the financial accounts of: Independent accountants audit the company annually. The IRS audits questionable income tax returns. (verb-transitive)
• To attend (a course) without requesting or receiving academic credit. (verb-transitive)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Governing Class: The governor is wondering where all the visitors are, and New York City's comptroller tries to make the word audit something to get excited about."
• "The original ARSC simply didn't want us to confuse the term audit risk with review risk."
• "Most of the audit is as expected and I ceased long ago getting ticked off about it; but the new focus on use tax – ie, not just did you collect and pay sales tax on your retail sales but did you pay proper sales tax on every purchase, is really annoying."