auditing
auditing Lexical Profile
auditing Game Scores & Validity
• noun
The professional practice or systematic process of examining and verifying an organization's financial records, accounts, or operational compliance.
"She pursued a career in corporate auditing after completing her accounting degree."
North American The practice of attending an academic course for self-enrichment without receiving formal academic credit or grades.
"The university permits the auditing of introductory lectures by senior citizens at no cost."
• verb
To conduct an official financial or operational examination of an individual's or organization's accounts (present participle of audit).
"An independent accounting firm is currently auditing the company's annual financial statements."
North American To attend an academic class or course informally without working toward or receiving official credit (present participle of audit).
"He is auditing a graduate seminar in art history this semester just for personal interest."
• Nearby Words
Word Origin & Etymology
Derived from the verb 'audit', which traces back to the Latin noun 'auditus' meaning 'a hearing', from 'audire' ('to hear'). Historically, financial accounts were verified by having them read aloud in an official hearing before examiners.