Audit
Legal Definition and Related Resources of Audit
☑️ This definition is part of the content of Lawi's courses, guides, tools and other solutions and the world's leading and largest online law dictionary. It offers legal definitions, synonyms, word origins, translations, meanings, example sentences, and more. It is considered a trusted authority, a broad glossary of legal terms and an unsurpassed guide for professionals, students and researchers in any discipline related to law and, in general, to the social sciences. Do you like what you read? Can I ask a favor from you? Like and share it with your family and friends so that others can discover it too. If you have been forwarded this text, please subscribe here.
Meanings, Synonyms, Etymology, Translations and More
Meaning of Audit
An examination and full scrutiny of accounts. The act of so examining and scrutineering accounts implies an informed endeavour to weigh and judge the truth and correctness of the accounts. The act of inspecting and examining implies an informed endeavour to weigh and judge the truth and correctness of the accounts; verification. See May v Wilcox Furniture, 450 S. W.2d 734.
Audit Alternative Definition
To examine, adjust, settle, etc., an account, and then allow it. 3 Denio (N. Y.) 381; B Daly (N. Y.) 200; 24 Hun (N. Y.) 419.
Synonyms of Audit
verb
bring into question
certify
check
check on
conduct an inquiry
examine
examine financial accounts
examine the accounts officially
go through the books
hold an inquiry
inspect
inspect accounts officially
investigate
monitor
probe
pursue an inquiry
rationes dis pungere
reexamine
research
review
scrutinize
search
study
subject to examination
Associated Concepts: allowance of claim
audit of account
audited claims
auditor
auditor's report
disallowance of claim
fraudulent audit
Related Entries of Audit in the Lawi Project
Browse or run a search for Audit in the legal resources (including dictionaries and American law definitions), the Asian legal platform, the European law platform, the British legal resources or the Latin American and Spanish platform and publications (Lawi) about law in the world.
Audit in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Audit in historical law and the evolution of legal systems (study).
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Audit in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
Browse
You might be interested in these references tools, listed by resource (with its description) here:
Audit in the Dictionary: Audit in our legal dictionaries
Browse the Legal Thesaurus: Find synonyms and related words of Audit
Legal Maxims: Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law
Legal Answers (Q&A): A community-driven knowledge creation process, of enduring value to a broad audience
Related topics: Audit in this project about law in the world (Lawi)
Notice
This definition of Audit is based on the The Cyclopedic Law Dictionary. This entry needs to be proofread.
Vocabularies (Semantic Web Information)
ResourceDescriptionTopic Map: A group of names, occurrences and associations
Topic Tree: A topic display format, showing the hierarchy
Sitemap Index: Sitemap Index, including Taxonomies
https://dictionarylaw.substack.com/p/audit/: The URI of Audit (more about URIs)
Audit in the Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims
Literally, he hears; a hearing. See Audire (above).
Note: This legal definition of Audit in the Dictionary of Law (English and American Jurisprudence) is from 1893.
Audit Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Audit in a way that is easy for anybody to understand: A professional examination of a company's financial statement by a professional accountant or group to determine that the statement has been presented fairly and prepared using GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP).
United States Tax Concept of Audit
An audit, in reference to U.S. federal income taxes, is an IRS examination of your tax return. It is generally limited to a three-year period after you file by the statute of limitations.
As most commonly used in legal settings, an audit is an examination of financial records and documents and other evidence by a trained accountant.
As most commonly used in legal settings, an audit is an examination of financial records and documents and other evidence by a trained accountant.
What is the meaning of Audit?
A definition of Audit is provided here: An audit involves an independent review and examination of records or financial accounts to check their accuracy. Audits are also used to ensure compliance with established policy and operational procedures, and to recommend any necessary changes.
Meaning of Audit
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and publications valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
See Also
Generally Accepted Auditing Standards
Audit
See Also
Governance
Accountability
Contracting Out
Corporate Governance
Public Administration
Transparency
Further Reading
Allen, R., & Tommasi, D. (Eds.). (1999). Managing public expenditure: A reference book for transition countries. Paris: Organisation for Economic Co-operation and Development. Gray, A., Jenkins, B., & Segsworth, B. (Eds.). (1993). Budgeting, auditing and evaluation: Functions and integration in seven governments. New Brunswick, NJ: Transaction. Havens, H. (1999). Management controls, audit and evaluation. In S. Schiavo-Campo & D. Tommasi (Eds.), Managing government expenditure (Chapter 9). Manila, Philippines: Asian Development Bank. Mikesell, J. (1999). Fiscal administration: Analysis and applications for the public sector (5th ed.). Fort Worth, TX: Harcourt, Brace. Organisation for Economic Co-operation and Development (OECD). (2002). Models of public budgeting and accounting reform. OECD Journal on Budgeting, 2(Supplement 1). Paris: Author. Sinclair, S. (1979). Cordial but not cosy: A history of the office of the auditor-general. Toronto, Canada: McClelland and Stewart. Wanna, J., Ryan, C., & Ng, C. (2001). From accounting to accountability: A centenary history of the Australian National Audit Office. Sydney, Australia: Allen and Unwin.
Audit in the Encyclopedia of Governance, Mark Bevir - University of California, Berkeley, USA, 2007, SAGE Publications
Hierarchical Display of Audit
Business And Competition > Management > Management
Business And Competition > Management > Management techniques > Management audit
Business And Competition > Accounting > Management accounting > Auditing
Meaning of Audit
Overview and more information about Audit
For a more comprehensive understanding of Audit, see in the general part of the online platform.[rtbs name="xxx-xxx"]
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and publications valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Audit
Spanish: Auditoría
French: Audit
German: Rechnungsprüfung
Italian: Verifica ispettiva
Portuguese: Auditoria
Polish: Audyt
Thesaurus of Audit
Business And Competition > Management > Management > Audit
Business And Competition > Management > Management techniques > Management audit > Audit
Business And Competition > Accounting > Management accounting > Auditing > Audit