The verb "audit" refers to the process of conducting an official financial examination of an individual's or organization's accounts, typically by an independent body. It involves a thorough review and verification of financial records and transactions to ensure accuracy, compliance with standards, and to identify any discrepancies or fraudulent activities. Auditing is a critical function in financial regulation and corporate governance, used to provide assurance that financial statements are fair and accurate. This verb can also be extended to mean any sort of review or examination, not necessarily financial, to assess various types of performance, compliance, or adherence to standards.
The company hired an external firm to audit their financial records.
Due to discrepancies in the accounts, they decided to audit last year's transactions.
The IRS may audit individuals who report unusually high deductions.
She is preparing all necessary documents for the upcoming audit.
After the audit, they found several mistakes in the financial statements.
The university regularly audits courses to ensure they meet academic standards.
To maintain transparency, the organization audits its operations every quarter.
He was selected to audit the course without receiving credit.
The manager asked the team to audit the internal controls of the company.
The software tool helped them efficiently audit the inventory of the warehouse.
I audit the accounts annually.
You audit the financial statements.
He audits our books every quarter.
She audits the company's compliance with regulations.
It audits systematically.
We audit their records tomorrow.
They audit for quality assurance.
I audited the department last year.
You audited the project's expenses.
He audited the inventory yesterday.
She audited the election results.
It audited the data thoroughly.
We audited the charity's funding.
They audited the safety protocols.
I will audit the new branch next month.
You will audit the merger agreements.
He will audit the software licenses.
She will audit the healthcare compliance.
It will audit the network security.
We will audit the overseas operations.
They will audit the environmental standards.
I have audited several multinational companies.
You have audited the financial disclosures.
He has audited the technology department.
She has audited the legal documents.
It has audited the compliance with industry standards.
We have audited the educational institutions.
They have audited the government contracts.
I had audited the company before they went public.
You had audited the accounts before the discrepancy was found.
He had audited the operations before the takeover.
She had audited the research before the publication.
It had audited the data before the system upgrade.
We had audited the budget before the fiscal year ended.
They had audited the safety measures before the audit committee meeting.
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