Type of Audit and Auditors

It take place within your business. As the business owner, you initiate the audit while someone else in your business conducts it.

• Internal audit

• External audit

• Financial audit

• tax audit

Is conducted by a third party, such as an accountant or a tax agency.

• Internal audit

  
  

• External audit

• tax audit

• Financial audit

The goal is to fully evaluate your business’s operations and determine ways to improve them.

• Compliance audit

• Operational audit

• Information system audit

• Payroll audit

Examines business’s policies and procedures to see if they comply with internal or external standards.

• Information system audit

• Financial audit

• Operational audit

• Compliance audit

The auditor analyzes the fairness and accuracy of a business’s financial statements.

• External audit

• Financial audit

• Operational audit

• Information system audit

This type of audit ensures the system provides accurate information to users and makes sure unauthorized parties do not have access to private data.

• External audit

• Financial audit

• Operational audit

• Information system audit

Hired by organizations to provide in-house, independent, and objective evaluations of financial and operational business activities, including corporate governance

• Internal auditors

• External auditors

• Government auditors

• Forensic auditors auditor

Usually work in conjunction with government agencies. They are tasked with providing objective and public opinions about the organization's financial statements and whether they fairly and accurately represent the organization's financial position.

• Internal auditors

• External auditors

• Government auditors

• Forensic auditors auditor

Maintain and examine records of government agencies and of private businesses or individuals performing activitiessubject to government regulations or taxation.

• Internal Auditor

• External Auditor

• Government Auditor

• Forensic Auditor

Specialize in crime and are used by law enforcement organizations.

• Internal Auditor

• External Auditor

• Government Auditor

• Forensic Auditor