[ˈɔːdɪt], (Noun)

Definitions:
- an official inspection of an organization's accounts, typically by an independent body
(e.g: audits can't be expected to detect every fraud)


Phrases:

Origin:
late Middle English: from Latin auditus ‘hearing’, from audire ‘hear’, in medieval Latin auditus (compoti) ‘audit (of an account)’, an audit originally being presented orally

[ˈɔːdɪt], (Verb)

Definitions:
- conduct an official financial inspection of (a company or its accounts)
(e.g: unlimited companies must also have their accounts audited)

- attend (a class) informally, without working for credit
(e.g: he made use of the knowledge gleaned from economics classes he audited)


Phrases:

Origin:
late Middle English: from Latin auditus ‘hearing’, from audire ‘hear’, in medieval Latin auditus (compoti) ‘audit (of an account)’, an audit originally being presented orally