VS.

Audit vs. Inspection

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Auditnoun

A judicial examination.

Inspectionnoun

The act of examining something, often closely.

‘Upon closer inspection, the animal turned out to be a dolphin, not a shark!’;

Auditnoun

An examination in general.

Inspectionnoun

An organization that checks that certain laws or rules are obeyed.

‘The inspection fined the restaurant's owner because the kitchen was dirty.’;

Auditnoun

An independent review and examination of records and activities to assess the adequacy of system controls, to ensure compliance with established policies and operational procedures, and to recommend necessary changes in controls, policies, or procedures

‘National Assembly audit’;

Inspectionnoun

The act or process of inspecting or looking at carefully; a strict or prying examination; close or careful scrutiny; investigation.

‘With narrow search, and with inspection deep,Considered every creature.’;

Auditnoun

The result of such an examination, or an account as adjusted by auditors; final account.

Inspectionnoun

The act of overseeing; official examination or superintendence.

Auditnoun

(Scientology) Spiritual counseling, which forms the core of Dianetics.

Inspectionnoun

a formal or official examination;

‘the platoon stood ready for review’; ‘we had to wait for the inspection before we could use the elevator’;

Auditnoun

(obsolete) A general receptacle or receiver.

Inspection

An inspection is, most generally, an organized examination or formal evaluation exercise. In engineering activities inspection involves the measurements, tests, and gauges applied to certain characteristics in regard to an object or activity.

Auditnoun

(obsolete) An audience; a hearing.

Auditverb

To examine and adjust (e.g. an account).

‘to audit the accounts of a treasure, or of parties who have a suit depending in court’;

Auditverb

To conduct an independent review and examination of system records and activities in order to test the adequacy and effectiveness of data security and data integrity procedures, to ensure compliance with established policy and operational procedures, and to recommend any necessary changes

Auditverb

(Scientology) To counsel spiritually.

Auditverb

To attend an academic class on a not-for-academic-credit basis.

Auditnoun

An audience; a hearing.

‘He appeals to a high audit.’;

Auditnoun

An examination in general; a judicial examination.

Auditnoun

The result of such an examination, or an account as adjusted by auditors; final account.

‘Yet I can make my audit up.’;

Auditnoun

A general receptacle or receiver.

‘It [a little brook] paid to its common audit no more than the revenues of a little cloud.’;

Auditverb

To examine and adjust, as an account or accounts; as, to audit the accounts of a treasure, or of parties who have a suit depending in court.

Auditverb

To settle or adjust an account.

‘Let Hocus audit; he knows how the money was disbursed.’;

Auditnoun

an inspection of the accounting procedures and records by a trained accountant or CPA

Auditnoun

a methodical examination or review of a condition or situation;

‘he made an audit of all the plants on his property’; ‘an energy efficiency audit’; ‘an email log audit’;

Auditverb

of accounts and tax returns; with the intent to verify

Auditverb

attend academic courses without getting credit

Audit

An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report.Audits provide third-party assurance to various stakeholders that the subject matter is free from material misstatement.

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