Audits Uncover Governance Flaws, Empower Businesses to Strengthen Controls
Auditors evaluate businesses, governments, and associations to ensure they are following rules and managing risks effectively. There are three main types of audits: internal, external, and government audits. Internal audits check if goals are being met, external audits check financial accuracy, and government audits ensure compliance with regulations. Auditors need to understand governance, risk, finance, technology, and compliance. They must finish all fieldwork before reporting audit results.