§ 11227 Audit Definition

• •An audit is just a check of someone’s records to make sure everything adds up.
• •It can happen to anyone, like a business or even a lemonade stand.
• •The goal is to make sure money and records are honest and correct.

Imagine you run a small lemonade stand and your parents want to check if you spent the money correctly.

They would look at your receipts and notes about how much you spent on lemons and cups. That’s like an audit.