audit

Vocabulary Word

Definition

'Audit' means to thoroughly review or examine something, usually financial records or systems. Like if you're checking all the money in your piggy bank.

Examples in Different Contexts

Security 'audits' are crucial for identifying vulnerabilities in an IT infrastructure.

Practice Scenarios

Business

Scenario:

There are discrepancies in the financial statements. They don't reflect the actual expenses.

Response:

Would an audit of the financial statements help to identify the discrepancies?

Academics

Scenario:

This philosophy class seems interesting. However, I'm not certain if I would enjoy the lectures.

Response:

If I audit the philosophy class initially, it will help me decide whether to take it for credit.