One of the mysteries of the English language finally explained.
An assessment of an organization's accounts or affairs or of a specific aspect of its operations, conducted (especially on a continuous basis) by members of staff, as distinct from periodic inspection by independent auditors or external consultants; the practice of undertaking such audits.
Mid 19th century. From internal + audit. Compare internal auditing.
internal audit/ɪnˌtəːnl ˈɔːdɪt/
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