Audit

1. (noun) A formal and methodical examination, review, or evaluation of things that are bound by constraints, expectations, or laws, and that conforms with formal acts of governance.

2. (verb) To perform a formal and methodical examination, review, or evaluation of something bound by constraints, expectations, or laws.

Examples: It is common practice to Audit things such as Processes, Procedures, Organizations, Finances, Artifacts, Quality and Incidents.