Audit (noun)

1. An official examination and verification of accounts and records, such as of a business or government department.
2. An examination of an organization"s or individual"s financial situation.

Origin:

Late middle english (in the sense "a hearing, listening"): from latin auditus, from audire "to hear", from audio "i hear".

Examples:

1. The company is undergoing an audit by the Internal Revenue Service.
2. The audit revealed that the company had been keeping false financial records.
3. The audit was conducted by a team of independent accountants.
4. The school's budget will be subject to an annual audit to ensure that the funds are being used appropriately.
5. The audit report was presented to the board of directors.