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audit

au·dit [ áwdət ]


noun  (plural au·dits)
Definition:
 
1. check of financial accounts: a formal examination, correction, and official endorsing of financial accounts, especially those of a business, undertaken annually by an accountant

2. efficiency check: a systematic check or assessment, especially of the efficiency or effectiveness of an organization or a process, typically carried out by an independent assessor



transitive verb  (past and past participle au·dit·ed, present participle au·dit·ing, 3rd person present singular au·dits)
Definition:
 
1. check financial accounts: to carry out an audit of the financial accounts of a business, department, or organization to establish accuracy or efficiency

2. sit in on class: to attend a class without asking for or receiving academic credit for it, usually attending all the sessions but not doing the assignments

[15th century. < Latin auditus "hearing" < audit-, past participle of audire "hear"]

au·dit·a·ble adjective
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