Financial Audits: Analyse financial statements and see that they have been presented in a way that is fair and considered according to the accounting guidelines.
System Audits: review operating performance of the systems and controls in an organization.
Compliance Audits: Ensure there is a compliance with definite regulations or standards.
Internal Audits: They are carried out by the organization with the help of the organization itself to have a review of the functioning of the organization.
External Audits: This is always carried out by the third parties so as to give an unbiased view on the financial statements of the organization.
