audit audit  /ˈɔ dɪt/

Definition(s):

  1. (n) an inspection of the accounting procedures and records by a trained accountant or CPA
  2. (n) a methodical examination or review of a condition or situation
  3. (v) examine carefully for accuracy with the intent of verification
  4. (v) attend academic courses without getting credit

Derived Word(s)

Usage(s):

  1. The audit charges that the CPA left large portions of the $8.
  2. An audit of military body armor concludes that 16,000 sets have to be recalled because of deficiencies in the way they were tested.
  3. Something to ponder as you sign your tax return: audits are back with a bite.

News

  1. Audit committee member resigns

    Cumberland County's audit committee will need a new member after one of the committee members resigned prior to Tuesday's meeting.
    on June 19, 2013     Source: Crossville Chronicle

  2. Audit finds deceased school treasurer stole district funds

    A state audit has found that a former Tippecanoe Valley school treasurer embezzled more than $300,000 from the district.
    on June 19, 2013     Source: WNDU 16 South Bend

  3. Audit: Lawmakers need to define school readiness

    Audit: Lawmakers need to define school readiness Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 4:17 pm, Tuesday, June 18, 2013 COLUMBIA, S.C. (AP) — State lawmakers must define "school readiness" and establish pre-school testing to better determine which children most need help and boost ...
    on June 19, 2013     Source: San Francisco Chronicle

Quotes

  1. "We've made a tough decision today," Seahawks CEO Tod Leiweke said in a release. "It became apparent after conducting an extensive internal audit that a new direction was needed to provide an opportunity for the organization to be successful....
    on Jan 8, 2010 By: Tod Leiweke Source: NESN.com

  2. "The NAO has a statutory right to examine the details of expenditure in any Government department. It has no such right of audit access to the BBC, despite the fact that the Corporation is funded with over £3bn of public money each year," Leigh...
    on Jun 4, 2009 By: Edward Leigh Source: New Statesman

  3. And Bacevich concludes: "Since [September 11, 2001], the US has undergone such an audit and been found wanting : Between what President Bush called upon America's soldiers to do and what they were capable of doing loomed a huge gap that defines the...
    on Oct 3, 2008 By: Andrew Bacevich Source: Sydney Morning Herald

Word of the Day
subordinate subordinate
/sə ˈbɔr də ˌneɪt /