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• Audit or investigation in a broad sense meaningful evaluation of an organization, systems, processes, or products. Audits conducted by competent, objective, and impartial tribunal, called auditors. The aim is to verify that the subject of the audit has been completed or running in accordance with the standards, regulations, and practices that have been approved and accepted.
Financial Audit
Financial audit is an audit of the company's financial statements or the organizations that will result in a third-party opinion about the relevance, accuracy, and completeness of these reports.
Financial audits are generally carried out by the company or independent public accountants who have to follow accounting principles generally accepted. Many companies hire internal auditors to focus on the implementation and supervision of company operations to ensure compliance with organizational policies.
Operational Audit
Operational audit is the assessment of any part of the organization of standard operating procedures and methods applied an organization with the aim to evaluate the efficiency, effectiveness, and frugality (3E).
Compliance Audit
Obedience is the process of audit work to determine whether the audited party has followed the procedures, standards, and certain rules set by the authorities.
Investigative Audit
Investigative audits are: 1. "A series of activities to recognize (recognize), identify (identify), and test (examine) the details of information and facts available to uncover the truth in the context of evidence to support the legal process for alleged irregularities which may adversely affect the financial entity (company / organization / country / region). " 2. "a search for the truth, in the interest of justice and in accordance with specification of law" (in common law countries)
So, audit is a series of activities related to:
1. The process of collecting and evaluating evidence
2. Information that can be measured. Evaluated the information is information that can be measured. Things that are qualitatively be classified in groups measured, so that may be assessed according to the clear, for instance Once Good, Good, Fair, Poor Good and Bad with a clear size criterion.
3. Economic entity. To affirm that it is audited entity, either the Company, Division, or the other.
4. Done by someone (or several people) who are competent and independent auditor referred to as.
5. Determining the suitability of the information with the criteria found irregularities. The determination must be based on clear measures. That is, by what criteria it is said to deviate.
6. Reported results. The report contains information about the correspondence between the test and information criteria, or a discrepancy with the information tested criteria and demonstrating the fact of the inconsistency