Audit techniques can be classified into four types including Operational audit, Financial audit, compliance audit and Information systems audit. Operational audit is the one which
examines the use of unit resources in the operations to evaluate the
efficiency with which the assets have been used. Financial audit is done to
examine the accounting and reporting standards used to report the financial
transactions,like receipt and disbursement of funds. This audit aims to verify
the internal controls over cash and cash-like assets. Compliance audit checks
the adherence to laws, regulations, policies. The last type of audit,
Information systems audit determines the internal control environment of
automated information processing systems. It also varifies that how people uses
this system to ensure that unethical practices are con conducted.
examines the use of unit resources in the operations to evaluate the
efficiency with which the assets have been used. Financial audit is done to
examine the accounting and reporting standards used to report the financial
transactions,like receipt and disbursement of funds. This audit aims to verify
the internal controls over cash and cash-like assets. Compliance audit checks
the adherence to laws, regulations, policies. The last type of audit,
Information systems audit determines the internal control environment of
automated information processing systems. It also varifies that how people uses
this system to ensure that unethical practices are con conducted.
