An AUDIT is a thorough check of financial records and accounts to ensure accuracy and compliance with regulations. It is an important part of any business or organization, as it helps to identify any discrepancies or irregularities in the financial records. An AUDIT can also help to detect any potential fraud or mismanagement of funds. A thorough check of financial records and accounts is essential for any business or organization to ensure that their finances are in order and that all regulations are being followed.