Let us define Audit
An Audit is the systematic examination and evaluation of a company or organization's books, accounts, documents, and vouchers to determine if statements or reports present a true and fair view of an aspect of the organization or company.
An audit also does a compliance check on following the law on bookkeeping.
Different types of Audits
Financial Audit
A financial audit is to conduct an official financial inspection of a company.
Internal Audit
An internal audit is an inspection of files and documents to report about and increase the quality of the organization's governance and risk management.
An internal audit provides insight and recommendations based on analyses and assessments of data and business processes.
IT Audit / EDP Audit
An IT Audit examines and evaluates an organization's information technology infrastructure, policies, and operations.
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