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- nounaudit (noun) · audits (plural noun)verbaudit (verb) · audits (third person present) · audited (past tense) · audited (past participle) · auditing (present participle)Originlate Middle English: from Latin auditus ‘hearing’, from audire ‘hear’, in medieval Latin auditus (compoti) ‘audit (of an account)’, an audit originally being presented orally.
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Auditing is the action of reviewing those documents for accuracy and compliance. Strong accounting practices encourage better data tracking and recording, improve fiscal accountability, and make auditing in accounting less labor …
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