auditing
Pronunciation: [ˈɔːdɪtɪŋ]
Word
Context: “finance”
(noun) an examination of financial records to make sure everything is correct and follows the rules. Just like checking your homework to see if you got it right.
Example
The company passed its auditing with no mistakes found in the books.
Example
The last auditing revealed many errors in their financial reports.
Example
When is the next auditing scheduled to take place?
Context: “assessment”
(verb) to check or analyze something thoroughly to ensure it meets certain standards. Like a teacher reviewing your homework to see how well you did.
Example
The manager is auditing the project to make sure it meets all of the requirements.
Example
They are not auditing the progress on the project, so we don't know if it's on track.
Example
Are you planning to audit any other departments this year?
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