Eli5: What exactly is auditing in accounting?

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I keep hearing this term from my accountant friend and have absolutely no idea what it means. I tried googling it but that just left me even more confused than I was.

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Anonymous 0 Comments

Auditing means someone is going to look at your math and check to see that you have filled in all the right forms and that you have receipts for everything you said you bought, and receipts for everything you said you paid for.

It basically means someone is going to check over your paperwork searching for mistakes because they think you either slipped up, or are cheating.

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