Formal inspection and verification to check whether a standard or set of guidelines is being followed, records are accurate, or efficiency and effectiveness targets are being met. Scope Note: May be carried out by internal or external groups.
Merriam-Webster Online Dictionaryaudit
a) a formal examination of an organization's or individual's accounts or financial situation
b) the final report of an audit
a methodical examination and review
to perform an audit of or for - audit the books audit the company
to attend (a course) without working for or expecting to receive formal credit
Merriam-Webster Online Thesaurusaudit
a close look at or over someone or something in order to judge condition
audit, check, checkup, examination, going-over, look-see, review, scan, scrutiny, survey, view
analysis, assay, close-up, deconstruction, dissection; exploration, investigation, probe, research, study; inquisition, interrogation; once-over, perusal; recheck, reinspection, resurvey; observation, surveillance, watch; checkout, test-drive, trial run
to look over closely (as for judging quality or condition)
audit, check (out), con, examine, overlook, oversee, review, scan, scrutinize, survey, view
notice, observe, watch; comb, peruse, pore (over); analyze, dissect, parse; delve (into), explore, investigate, plumb, probe, research, study; categorize, classify; pick over; reinspect, rereview, resurvey
skim; glance (at over); miss, overlook
An audit is an independent, objective examination and evaluation of financial statements, financial records, and other relevant documents in order to determine the accuracy and reliability of the information provided. It is usually performed by an external auditor or certified public accountant.