auditing
UK: ˈɔːdɪtɪŋ | US: ˈɔːdɪtɪŋ
n. the official examination of financial records to verify accuracy
vt. the act of conducting such an examination
The word "auditing" originates from the Latin audire (to hear), reflecting its historical roots in oral verification. In ancient Rome, officials would "hear" accounts to check their accuracy. Over time, the term evolved into auditus (a hearing) in Medieval Latin, later adopted into English as "audit" (now "audit") with the suffix -ing added to denote the action or process. The morpheme audit preserves the core idea of examination through listening, while -ing modernizes it as a continuous or professional activity.
The company hired an external firm for annual auditing.
She specializes in auditing non-profit organizations.
Auditing requires meticulous attention to detail.
The government introduced stricter auditing standards.
He spent weeks auditing the financial statements.