# auditing

Pronunciation: say "AW-dit-ing" US /ˈɔ.dɪt.ɪŋ/, UK /ˈɔː.dɪt.ɪŋ/

## Noun

1. The act of examining records to verify their accuracy, or the findings produced by that examination.
   - Simple: The careful checking of records or accounts to make sure they are correct.
   - _The auditing of the merged companies revealed several accounting errors._
   - _Independent auditing gives shareholders confidence in the published figures._

## Verb

2. Present participle of audit. — present participle and gerund of audit
   - Simple: Present participle of audit. Use this -ing form when the checking is happening right now.
   - _Regulators are auditing the bank's overseas transactions._
   - _She spent the summer auditing nonprofit organizations for a consulting firm._

Source: DictionaryAI, https://dictionaryai.com/define/auditing (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).