Audit example sentence

  • How do you explain what an audit is?

    Definition: Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions.
    It is done to ascertain the accuracy of financial statements provided by the organisation..

  • How do you put audit in a sentence?

    Examples of audit in a Sentence
    Noun The Internal Revenue Service selected us for an audit.
    You will need all your records if you are selected for audit by the IRS.
    Verb They audit the company books every year.
    The Internal Revenue Service audited him twice in 10 years.5 days ago.

  • What is a good sentence for audit?

    Examples of audit in a Sentence
    Verb They audit the company books every year.
    The Internal Revenue Service audited him twice in 10 years.
    I audited an English literature class last semester.5 days ago.

  • What is a sentence with audit?

    Each year they audit our accounts and certify them as being true and fair.
    The bank first learned of the problem when it carried out an internal audit.
    Accountants have conducted an audit of the company, and uncovered the accounting discrepancies..

  • What is an example sentence of auditing?

    Verb They audit the company books every year.
    The Internal Revenue Service audited him twice in 10 years.
    I audited an English literature class last semester.5 days ago.

  • Who uses audits?

    Auditing typically refers to financial statement audits or an objective examination and evaluation of a company's financial statements – usually performed by an external third party.
    Audits can be performed by internal parties and a government entity, such as the Internal Revenue Service (IRS)..

  • Example: A business may have an auditor review its human resources department.
    The auditor will investigate department procedures and how efficiently it uses resources.
    The final report should include a full department review and identify opportunities for improvement.
  • The accounts are audited once a year by an auditor. an external/internal/independent auditor The committee will appoint an independent auditor to examine the annual accounts.
Examples of audit in a Sentence Verb They audit the company books every year.
The Internal Revenue Service audited him twice in 10 years.
I audited an English literature class last semester.

How often is a company audited?

The company has an audit at the end of each financial year

The agency is subject to regular financial audits

I audited some of her seminars

A full audit is performed each year by a district auditor

We conducted an audit of the accounts for the year 2009/10

Companies must issue a statutory audit report

Is audit a Latin word?

Note: The sense "examination of accounts," attested relatively late in Medieval Latin, is based on the word audītor, which in the meaning "one who examines accounts" is recorded much earlier—see auditor

Middle English audyten, derivative of audyte audit entry 1; in sense 2 back-formation from auditor

What is a financial audit?

,a formal examination of an organization's or individual's accounts or financial situation; the final report of an audit; a methodical examination and review… See the full definition
×An example sentence with the word audit is:
  • The audit revealed duplicative expenses.
  • The auditor's report underlines the need for more accountability in the awarding of government contracts.
  • The IRS is auditing me.

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