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Meaning of audits
The primary meaning of the word "audits" refers to the process of examining or evaluating something, especially a person's or organization's financial records, in order to check their accuracy or quality.
Etymology of audits
The word "audits" originates from the Latin word "auditus," which means "a hearing" and is related to the verb "audire," meaning "to hear"
Historically, an audit referred to a hearing or examination of financial accounts, and over time, the term has expanded to include various types of examinations and evaluations
Synonyms
examinations
inspections
assessments
evaluations
investigations
analyses
reviews
appraisals
checks
examinations
scrutinies
surveys
studies
probes
inquiries
examinations
tests
checks
verifications
validations
certifications
accreditations
authentications
confirmations
verifications
assessments
evaluations
appraisals
estimations
valuations
ratings
rankings
gradings
scores
marks
inspections
spot checks
quality controls
performance reviews
financial reviews
security audits
compliance audits
operational audits
management audits
internal audits
external audits
environmental audits
social audits
information technology audits
Definitions
- Official inspection of financial accounts, typically by an independent body
- * A systematic examination and review of a process, system, or organization
- * An official examination and verification of something, especially financial records
Usage Examples
- The company is undergoing an external audit to ensure compliance with financial regulations
- * The auditor will review the financial records to identify any discrepancies or irregularities
- * The organization conducts regular audits to assess the effectiveness of its internal controls