Types of audits

Question

Types of audits

Accepted Answer

Types of audits include internal, external, compliance, financial, and operational audits.

Internal audits are conducted by the organization's own employees to evaluate internal controls and processes.
External audits are conducted by independent third-party auditors to provide an objective assessment of the organization's financial statements or compliance with regulations.
Compliance audits focus on ensuring that the organization is following applicable laws and regulations.
Financial audits focus on evaluating the accuracy and completeness of financial statements.
Operational audits evaluate the efficiency and effectiveness of an organization's operations and processes.
Other types of audits include IT audits, environmental audits, and social audits.

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