AUDIT

an examination of the accounts of any concern to see if they truly represent its position.— Auditor, a person who examines the accounts of a busine 60 as to ascertain its exact financial position, The law now requires that the accounts of local governing bodies be audited, as must also accounts of all bodies entrusted with public funds. The mere fact that an a. certifies accounts to be correct, and that books have been properly kept, is no guarantee.