// ROBOTICS AND SMART FACTORIES TERM
Audit
An audit is a formal examination of a company's processes, records, or systems to check if they comply with rules, regulations, or internal policies. It can be done internally or by an external party.
TECHNICAL DEFINITION
An audit is a systematic, independent, and documented process for obtaining objective evidence and evaluating it objectively to determine the extent to which audit criteria (e.g., standards, regulations, internal procedures) are fulfilled within an organization's operations or management systems.
BACKGROUND
An audit trail is a security-relevant chronological record, set of records, and/or destination and source of records that provide documentary evidence of the sequence of activities that have affected at any time a specific operation, procedure, event, or device. Audit records typically result from activities such as financial transactions, scientific research and health care data transactions, or communications by individual people, systems, accounts, or other entities.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Review
- Inspection
- Examination
- Assessment
- Verification
- Scrutiny
USAGE NOTE
Regular audits help identify areas for improvement and ensure ongoing compliance.