See Also: audit(medicine)
Audit(finance)
Tax audit(finance)
Tax audit(money)
Audit(money)
audit(dictionary)
audit(encyclopedia)
Audit trial(health)
audit 2, verb(dictionary)
External audit(finance)

audit (iou)



audit noun & verb. LME.
[from Latin auditus hearing, from audit- pa. ppl stem of audire hear; in medieval Latin auditus (compoti) audit (of an account).]
A. noun.
An official examination and verification of (orig. orally presented) financial accounts, esp. by an independent body. LME.
A statement of account; a balance sheet. LME-M17.
A hearing, an inquiry; a methodical and detailed review; arch. a judicial hearing or examination. LME.
Milton With his orisons I meddle not, for hee appeals to a high audit. Shell Technology In the safety audit, an independent safety team reviews the design and construction work, concentrating on safety aspects.
A periodical settlement of accounts between landlord and tenants. L15.
fig. A searching examination; a reckoning, a settlement; esp. the Day of Judgement. M16.
T. Dekker Those heapes of Siluer..will be a passing bell..calling thee to a fearefull Audit.
Comb.: audit ale an ale of special quality formerly brewed at certain colleges of English universities, orig. for use on the day of audit; audit-house, audit-room a building or room attached to a cathedral for the transaction of business; audit trail a system allowing tracing of the detailed transactions underlying any part of an audit record.
b. verb.
verb trans. Conduct an audit of (accounts etc.); gen. review methodically and in detail. LME.
J. A. Froude With subscribed funds, regularly audited. Christian Science Monitor Honeywell..would audit a building, identify [energy] conservation possibilities, install the equipment, and monitor its operation.
verb intrans. Draw up or render an account. M17-E18.
verb trans. & intrans. Attend (a lecture, course, etc.) without intending to receive credits. N. Amer. M20.
A. Lurie She audited his undergraduate lectures; she waylaid him in the department office.
audita'bility noun L20.
auditable adjective L20.