What is an Audit?
Answer:
An audit is a process of examination that thoroughly checks records, accounts, documentation or other information for completeness, accuracy and full disclosure.
It frequently refers to documents provided to a governing body or interested party, such as tax records provided to the Internal Revenue Service (IRS) in the US, or the financial records of a corporation provided to a potential buyer or stockholders.

The purpose of this type of audit is to ensure that whoever is keeping the records is making a full, accurate and honest recording of financial transactions and all parties involved are contributing or receiving their due. An audit can also refer to processes or job functions and are often conducted by outside certification organizations. A restaurant might be audited for their compliance with health codes or industry policies.
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