audit meaning

The word ‘audit’ means an official examination or inspection of accounts or financial records.

audit :

inspection, examination

noun

▪ The company had an audit last year.

▪ The company had an inspection last year.

▪ The audit found several errors.

▪ The examination found several mistakes.

paraphrasing

▪ examination – inspection

▪ inspection – examination

▪ review – inspection

▪ check – examination

audit

audit :

inspect, examine

verb

▪ They audit the company's financial statements every year.

▪ They inspect the company's financial records each year.

▪ The firm audits new clients monthly.

▪ The firm examines new clients every month.

paraphrasing

▪ examine – inspect

▪ inspect – examine

▪ review – inspect

▪ check – inspect

Pronunciation

audit [ˈɔː.dɪt]

The stress is on the first syllable 'au' and sounds like 'AW-dit'.

audit [ˈɔː.dɪt]

The noun and verb have the same stress on 'au' and sound like 'AW-dit'.

Common phrases and grammar about audit

audit - Common meaning

noun
inspection, examination
verb
inspect, examine

Part of Speech Changes for "audit"

▪ auditor (noun) – a person who conducts audits

▪ auditable (adjective) – capable of being audited

▪ auditability (adjective) – the quality of being capable of being audited

▪ audited (adjective) – having been examined through an audit

Common Expressions with "audit"

▪ conduct an audit – to perform an inspection

▪ internal audit – an audit within the organization

▪ financial audit – an audit of financial records

▪ annual audit – an audit performed yearly

Important examples of audit in TOEIC

Vocabulary examples from the TOEIC test

In TOEIC word questions, audit is usually used to refer to an official examination of financial records or accounts.

▪The company will undergo an audit next month.
▪The company will undergo an official examination next month.

Example of a confusing word: edit (to revise or correct)

▪The company will undergo an edit next month.
▪The company will undergo a revision next month.
"Audit" is a noun or verb meaning "an official examination and verification of accounts and records," often related to finances. In the sentence, "The company will undergo an audit," it correctly indicates a financial review. "Edit," however, means "to revise or correct written material," and using it in "The company will undergo an edit" is grammatically incorrect and changes the meaning to suggest revising documents, not examining financial records. Thus, "audit" is the correct choice.

Grammar examples from the TOEIC test

In TOEIC grammar questions, audit can be used as both a noun and a verb. Questions may test the correct usage or form based on sentence structure.

▪They need to audit the financial statements by the end of the quarter.
▪They need to examine the financial statements by the end of the quarter.

audit

Idioms and fixed expressions in TOEIC

financial audit

'official examination of financial records', used when discussing company finances in TOEIC passages.

▪The financial audit revealed discrepancies in the accounts.
▪The official examination found errors in the accounts.

internal audit

'examination within the organization', used when referring to internal checks in passages.

▪The internal audit helped improve company policies.
▪The examination within the company helped improve policies.

Differences between similar words and audit

audit

,

inspection

differences

Audit is a formal examination of financial records, while inspection is a general examination of items or processes.

audit
▪audit trail – means 'a record showing the steps taken in a process', used when discussing tracking processes in TOEIC passages.
▪The audit trail helped identify the source of the error.
inspection
▪pass the audit – means 'successfully complete an audit', used when discussing company compliance in passages.
▪Our company passed the audit with no issues.

audit

,

review

differences

Audit is a formal financial examination, while review is a general examination or evaluation.

audit
▪They conducted an audit of the company's finances.
▪They performed an evaluation of the company's finances.
review
▪They conducted a review of the company's finances.
▪They performed an evaluation of the company's finances.

Words with the same origin as audit

The origin of audit

audit comes from the Latin 'audire', meaning 'to hear', reflecting the auditor's role in listening to financial explanations.

Word structure

The word is composed of the root 'aud' from Latin 'audire' (to hear), with no prefix or suffix.

Words with the same origin

The company conducted an audit last year.

Please select an image in the quiz

Quiz

question

Your score is

Previous post and next post

apply

apply

857
▪apply for a job
▪apply for a loan
Verb ┃
Views 2
apply

apply

857
to make a request, to use something
▪apply for a job – make a request for employment
▪apply for a loan – make a request for money
Verb ┃
Views 2
audit

audit

858
▪conduct an audit
▪internal audit
current
post
noun ┃
verb ┃
Views 4
audit

audit

858
inspection, examination
▪conduct an audit – to perform an inspection
▪internal audit – an audit within the organization
noun ┃
verb ┃
Views 4
accurately

accurately

859
▪measure accurately
▪calculate accurately
adverb ┃
Views 3
accurately

accurately

859
correctly, precisely
▪measure accurately – measure correctly
▪calculate accurately – calculate correctly
adverb ┃
Views 3
bear

bear

860
▪bear a burden
▪bear fruit
noun ┃
verb ┃
Views 3
bear

bear

860
a large, heavy animal with thick fur
▪bear a burden – to carry a heavy load
▪bear fruit – to produce results
noun ┃
verb ┃
Views 3
consequence

consequence

861
▪face the consequences
▪serious consequences
noun ┃
Views 9
consequence

consequence

861
result, outcome
▪face the consequences – to deal with results
▪serious consequences – big results
noun ┃
Views 9
Same category words
finance, accounting

audit

inspection, examination
current post
858

liquidate

2053

addition

567

worth

370

monetary

2001
TOEIC_Vocabulary_List_PDF_PC
TOEIC_Vocabulary_List_PDF_Mobile

View All TOEIC PDFs

Visitors & Members
4+