AUDITING

Verb

auditing

present participle of audit

Noun

auditing (plural auditings)

The act or result of performing an audit.

Source: Wiktionary


AUDIT

Au"dit, n. Etym: [L. auditus a hearing, fr. audire. See Audible, a.]

1. An audience; a hearing. [Obs.] He appeals to a high audit. Milton.

2. An examination in general; a judicial examination.

Note: Specifically: An examination of an account or of accounts, with the hearing of the parties concerned, by proper officers, or persons appointed for that purpose, who compare the charges with the vouchers, examine witnesses, and state the result.

3. The result of such an examination, or an account as adjusted by auditors; final account. Yet I can make my audit up. Shak.

4. A general receptacle or receiver. [Obs.] It [a little brook] paid to its common audit no more than the revenues of a little cloud. Jer. Taylor. Audit ale, a kind of ale, brewed at the English universities, orig. for the day of audit.

– Audit house, Audit room, an appendage to a cathedral, for the transaction of its business.

Au"dit, v. t. [imp. & p. p. Audited; p. pr. & vb. n. Auditing.]

Definition: To examine and adjust, as an account or accounts; as, to audit the accounts of a treasure, or of parties who have a suit depending in court.

Au"dit, v. i.

Definition: To settle or adjust an account. Let Hocus audit; he knows how the money was disbursed. Arbuthnot.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

23 November 2024

THEORETICAL

(adjective) concerned primarily with theories or hypotheses rather than practical considerations; “theoretical science”


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Coffee Trivia

The world’s most expensive coffee costs more than US$700 per kilogram. Asian palm civet – a cat-like creature in Indonesia, eats fruits, including select coffee cherries. It excretes partially digested seeds that produce a smooth, less acidic brew of coffee called kopi luwak.

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