Audited
/ˈɔː.dɪ.tɪd/
Definitions
- (adj.) Examined and verified through an official financial or compliance audit.
The audited financial statements were submitted to the regulatory authorities.
- (v.) Past tense and past participle of audit, meaning to have conducted a formal review or examination, especially of accounts or compliance.
The company audited its expenses last quarter to ensure accuracy.
Related terms
See also
Commentary
Typically an adjective describing documents or accounts that have undergone formal verification; also functions as the past tense of the verb 'audit'.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.