What types of audit are conducted?
Financial Audits

A financial audit focuses on determining whether an entity’s financial information is presented in accordance with the applicable financial reporting and regulatory framework. This is accomplished by obtaining sufficient and appropriate audit evidence to enable the auditor to express an opinion as to whether the financial information is free from material misstatement due to fraud or error. (ISSAI Standards)

Compliance Audits

A compliance audit focuses on whether a particular subject matter is in compliance with authorities identified criteria. Compliance auditing is performed by assessing whether activities, financial transactions, and information are, in all material respects, in compliance with the authorities which govern the audited entity. These authorities may include rules, laws and regulations, budgetary resolutions, policy, established codes, agreed terms or the general principles governing sound public sector financial management and the conduct of public officials. (ISSAI Standards)

Performance Audit

A performance audit focuses on whether interventions, programmes and institutions are performing in accordance with the principles of economy, efficiency and effectiveness and whether there is room for improvement. Performance is examined against suitable criteria, and the causes of deviations from those criteria or other problems are analysed. The aim is to answer key audit questions and to provide recommendations for improvement. (ISSAI Standards)

Forensic Audits

A forensic audit entails the thorough investigation and assessment of an
organization's financial data, with the purpose of gathering evidence that can be
presented in a court of law. A forensic audit may be undertaken with the purpose
of initiating legal proceedings against individuals involved in fraudulent activities,
embezzlement, or other unlawful acts. The utilisation of this tool aids in the
identification of instances involving the misappropriation of funds, intentional
failure to meet financial obligations, and the manipulation of financial records for
deceptive purposes. In addition to the involvement of a proficient individual well-
versed in the legal framework pertaining to the audit in question, this particular
form of audit necessitates the implementation of accounting and audit

How do I prepare my organisation for an audit?
How does an audit benefit my organisation?
What happens to the audited information?
What is considered an offence?
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