What are the 5 types of audit?
Different types of audits
Internal Audits. Internal audits assess internal controls, processes, legal compliance, and the protection of assets. ... External Audits. ... Financial Statement Audits. ... Performance Audits. ... Operational Audits. ... Employee Benefit Plan Audits. ... Single Audits. ... Compliance Audits. What are the 5 types of audit tests? Types of Audit Test
#1 – Risk Assessment.#2 – Test of Control.#3 – Substantive Test – Transactions.#4 – Substantive Test – Procedures.