Tax vs. Audit

Taxnoun

Money paid to the government other than for transaction-specific goods and services.

Taxnoun

A burdensome demand.

Taxnoun

A task exacted from one who is under control; a contribution or service, the rendering of which is imposed upon a subject.

Taxnoun

(obsolete) charge; censure

Taxnoun

(obsolete) A lesson to be learned.

Taxverb

(transitive) To impose and collect a tax from (a person).

Taxverb

(transitive) To impose and collect a tax on (something).

Taxverb

(transitive) To make excessive demands on.

Taxnoun

A charge, especially a pecuniary burden which is imposed by authority.

Taxnoun

A charge or burden laid upon persons or property for the support of a government.

Taxnoun

A task exacted from one who is under control; a contribution or service, the rendering of which is imposed upon a subject.

Taxnoun

Especially, the sum laid upon specific things, as upon polls, lands, houses, income, etc.; as, a land tax; a window tax; a tax on carriages, and the like.

Taxnoun

A disagreeable or burdensome duty or charge; as, a heavy tax on time or health.

Taxnoun

A sum imposed or levied upon the members of a society to defray its expenses.

Taxnoun

Charge; censure.

Taxnoun

A lesson to be learned; a task.

Taxverb

To subject to the payment of a tax or taxes; to impose a tax upon; to lay a burden upon; especially, to exact money from for the support of government.

Taxverb

To assess, fix, or determine judicially, the amount of; as, to tax the cost of an action in court.

Taxverb

To charge; to accuse; also, to censure; - often followed by with, rarely by of before an indirect object; as, to tax a man with pride.

Taxnoun

charge against a citizen's person or property or activity for the support of government

Taxverb

levy a tax on;

Taxverb

set or determine the amount of (a payment such as a fine)

Taxverb

use to the limit;

Taxverb

make a charge against or accuse;

Taxnoun

a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions

Taxnoun

a strain or heavy demand

Taxverb

impose a tax on (someone or something)

Taxverb

pay tax on (something, especially a vehicle)

Taxverb

make heavy demands on (someone's powers or resources)

Taxverb

confront (someone) with a fault or wrongdoing

Taxverb

examine and assess (the costs of a case)

Tax

A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Auditnoun

A judicial examination.

Auditnoun

An examination in general.

Auditnoun

An independent review and examination of records and activities to assess the adequacy of system controls, to ensure compliance with established policies and operational procedures, and to recommend necessary changes in controls, policies, or procedures

Auditnoun

The result of such an examination, or an account as adjusted by auditors; final account.

Auditnoun

(Scientology) Spiritual counseling, which forms the core of Dianetics.

Auditnoun

(obsolete) A general receptacle or receiver.

Auditnoun

(obsolete) An audience; a hearing.

Auditverb

To examine and adjust (e.g. an account).

Auditverb

To conduct an independent review and examination of system records and activities in order to test the adequacy and effectiveness of data security and data integrity procedures, to ensure compliance with established policy and operational procedures, and to recommend any necessary changes

Auditverb

(Scientology) To counsel spiritually.

Auditverb

To attend an academic class on a not-for-academic-credit basis.

Auditnoun

An audience; a hearing.

Auditnoun

An examination in general; a judicial examination.

Auditnoun

The result of such an examination, or an account as adjusted by auditors; final account.

Auditnoun

A general receptacle or receiver.

Auditverb

To examine and adjust, as an account or accounts; as, to audit the accounts of a treasure, or of parties who have a suit depending in court.

Auditverb

To settle or adjust an account.

Auditnoun

an inspection of the accounting procedures and records by a trained accountant or CPA

Auditnoun

a methodical examination or review of a condition or situation;

Auditverb

of accounts and tax returns; with the intent to verify

Auditverb

attend academic courses without getting credit

Audit

An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report.Audits provide third-party assurance to various stakeholders that the subject matter is free from material misstatement.