auditing (B2)
noun
Pronunciation: /ˈɔːdɪtɪŋ/
Definition
The process of examining an organization's financial records or accounts to verify their accuracy and compliance with laws and regulations.
Examples
The company hired an external firm for the annual financial auditing.
Auditing is a crucial step in preventing fraud and maintaining transparency.
Internal auditing focuses on improving operational efficiency and risk management.
How to Use auditing
- audit of (prepositional phrase)
- An examination of a specific subject or area. — "The report was the result of a thorough audit of the company's environmental practices."
- audit committee (collocation)
- A committee responsible for overseeing financial reporting and internal controls. — "The audit committee met to review the latest financial statements."
- audit trail (collocation)
- A record of all the steps taken in a process, especially in computing or accounting. — "The system maintains a detailed audit trail of every transaction."
Synonyms of auditing
Words with a similar meaning to auditing:
Antonyms of auditing
Words with the opposite meaning to auditing:
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