audit
/ˈɔdɪt/
An official inspection of an individual's or organization's accounts
audit in a sentence
“The company passed the annual audit without issues.”
Origin of audit
From Latin auditus (a hearing), from audire (to hear); accounts were originally examined by oral report
Related Words
fiscal
Relating to government revenue, especially taxes
liquidity
The ease of converting assets to cash
leverage
Using borrowed capital to increase potential returns
amortization
Spreading payments over multiple periods
depreciation
Decrease in asset value over time
equity
Ownership interest in a company; assets minus liabilities