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  1. Types of Audits: 14 Types of Audits and Level of Assurance (2022)

    • The audit is an art of systematic and independent review and investigationon a certain subject matter, including financial statements, management accounts, management reports, accounting records, opSee more

    External Audit

    The external auditrefers to the audit firms that offer certain auditing services, including … See more

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    Internal Audit

    Internal Auditing is an independent and objective consulting service designed to add value to the business and improve the entity’s operation. It provides a systematic and discipli… See more

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    Forensic Audit

    The forensic auditis normally performed by a forensic accountant who has the skill in both accounting and investigation. Forensic Accounting is the type of engagement undertakin… See more

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    Statutory Audit

    Statutory audit refers to an audit of financial statementsfor the specific type of entities required by law or local authority. For example, all banking sectors require their financial st… See more

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    Financial Audit

    Financial auditrefers to the audit of the entity’s financial statements by an independent auditor where audit opinion will be provided on those financial statements … See more

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