Right. It is more like a comprehensive series of spot checks. And like a security auditor, they have free rein to dig in to a particular area if they find something that doesn't smell right. I was on the Engineering side in my old job so I didn't interact with them too much, but here is one example: our company would claim depreciation on some test equipment and once I had to track down one of those pieces of test equipment and show that we indeed had the unit we claimed to have, down to the serial number. They didn't check for every piece of equipment, just the one.
Auditability is being able to back up what you claim with a record of some kind (receipt, purchase order, etc). Our QA group referred to this type of thing as "objective evidence". If your QA process says that you "shall have a design review", you need to prove that that review was held. In our case, our process said that minutes for that review had to be recorded. Our QA auditors would ask to see those minutes. Thank you ISO9001.