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Describe types of audits.
Answers
Financial audit.It involves the examination of a company's accounting systems and financial statements.
Operational audit.In an operational audit, auditors examine a company's rules and procedures for conducting business.
Systems audit.It determines whether the various forms of information technology in an AIS are producing expected results.
Compliance audit.Compliance audit determines whether or not govermental and not-for-profit organisation is following the rules snd regulations in the yellow book.
Management audit.It determines the degree to which the assumptions underlying decisions are valid;it also examines the ways in which management decisions are supported.
Investigate audit.It involves with the broader field of forensic accounting.
International audit.This type of audit is a really "basket"of all types of audits.It is conducted in a US-based firm with internstional operations or a non-US firms.
ERICK MOGAKA answered the question on September 27, 2017 at 07:05
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