Audit Definition

Dragon1 Icon for Audit
Dragon1 Icon for Audit

Dragon1 Definition for Audit:
Conduction of an official inspection of a company.

Different types of Audits

Let us define Audit. An Audit is the systematic examination and evaluation of a company or organization's books, accounts, documents and vouchers in order to find out 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.

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 is the examination and evaluation of an organization's information technology infrastructure, policies and operations.

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