Audit Definition

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

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 on and improve 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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