Here are some types of audits and their purposes:
Compliance audit
Assesses whether an organization is compliant with relevant laws and regulations. Non-compliance can lead to fines or lawsuits, which can have a significant impact on an organization's finances.
Internal audit
Can include a SWOT (strengths, weaknesses, opportunities, and threats) analysis to help identify issues and opportunities.
Technology audit
Reviews an organization's hardware, software, security, documentation, and backup/recovery systems. The goal is to assess the accuracy and processing capabilities of the IT systems.
Construction audit
A systematic and independent examination of data, records, and operations.
Environmental audit
A systematic, documented, periodic, and objective process to assess an organization's activities and services.
Industrial engineering audit
Involves determining the purpose, scope, criteria, and frequency of the audit. The scope and objectives should align with the organization's strategic goals, industrial engineering standards, and stakeholder expectations.
Financial audit
Looks at all historical data regarding operations, including financial statements, books of accounts, and invoice processing.
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