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VORADictionaryC1Audit
CEFR C1 — Advanced

Audit

Definition

(formal) An official examination and verification of an organization's financial records, especially to check for errors or dishonesty; a thorough review of a system, process, or situation to identify problems or areas for improvement.

Example Sentences

1The company's financial records were subject to a rigorous audit by the regulatory agency to ensure compliance with industry standards.
2Can you explain the purpose of an environmental audit in the context of corporate social responsibility?
3The audit revealed significant discrepancies in the hospital's accounting practices, prompting an immediate investigation.
4Conducting a thorough audit of the existing infrastructure is crucial before embarking on any major renovation project.
5The government has announced plans to introduce a new audit framework to strengthen oversight of public sector finances.

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