Audit

{
  "id": "MLC-T-INS-000491",
  "term": "Audit",
  "field": "Insurance and risk management",
  "definition": "A systematic examination of records, accounts, or operations to verify their accuracy, compliance with regulations, or adherence to established procedures. In insurance, audits are conducted to determine final premiums for policies based on actual exposures, such as payroll or sales. They also assess the financial health and operational integrity of insurers.",
  "url": "https://mlchart.com/terminology/insurance/audit/"
}