1. the process of examining and verifying financial records or accounts
Usage: business; accounting
2. the process of attending a class without receiving credit
Usage: education

1. present participle of audit: examining and verifying financial records
2. present participle of audit: attending a class without receiving credit

Examples

• The company hired an external firm for auditing their financial statements.
• She is auditing the accounting course this semester.
• The auditing process revealed several discrepancies in the books.
• He enjoys auditing philosophy classes in his spare time.
• The auditing department works year-round to ensure compliance.
• Students auditing the course don’t need to take the final exam.
• They are auditing all expense reports from last quarter.