Audit

What Is an Audit?

Short definition:
An audit is a review of your systems, processes, or records to ensure they meet requirements or standards.

What this actually means for a business:
An audit helps confirm your technology, security, and processes are working correctly and following regulations or internal policies.

Common misconception:
Many think audits only happen after something goes wrong. In reality, audits are often proactive and used to prevent issues.

When this matters:
If your business needs to meet compliance standards, pass inspections, or validate security and processes.

Related terms: Compliance, Internal Controls,  Risk Assessment