Explain the following types of internal audit; Financial audits, Operational audits and Compliance audits?

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2013 internal audit focus, why compliance is still a high priority?
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Wa'el
10-September-2013

Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/01/25

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by Bijoy Davies , Sr. Accountant , HYDROFIT TRADING LLC

financial audit - to check the arithmetical accuracy

Operational audit - to find out is there any loopholes in the system

Compliance Audit - to confirm whether all the statutory procedures are done while running an organisation.

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