1 | Statutory Audit | It refers to an external auditor whose appointment is mandated by law. A "statutory audit" is a legally required review of the accuracy of a company's or government's financial records. |
2 | Tax Audit
| An examination of an organization's or individual's tax return. Each year when tax season rolls around, the Internal Revenue Service, as well as state departments of taxation, kicks into overdrive to meet with the onslaught of tax filings. |
3 | GST Audit
| Audit under GST Act of various states of india.
|
4 | Internal Audit | It an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. |
5 | Concurrent Audit | A systematic and timely examination of financial transaction on a regular basis to ensure accuracy, authenticity, compliance with procedures and guidelines. |
6 | Stock Audit | Confirmation of value, accuracy, quantity existence and ownership of stock. |
7 | System Audit | An information technology audit, or information systems audit, is an examination of the management controls within an Information technology (IT) infrastructure. |
8 | Cost Audit | represents the verification of cost accounts and check on the adherence to cost accounting plan. Cost Audit ascertain the accuracy of cost accounting records to ensure that they are in conformity with Cost Accounting principles, plans, procedures and objective. |
9 | Process Audit
| an examination of results to determine whether the activities, resources and behaviours that cause them are being managed efficiently and effectively. A process audit is not simply following a trail through a department from input to output - this is a transaction audit. |
10 | Operational Audit
| a systematic review of effectiveness, efficiency and economy of operation. Operational audit is a future-oriented, systematic, and independent evaluation of organizational activities. |
11 | HR Audit | a comprehensive method (or means) to review current human resources policies, procedures, documentation and systems to identify needs for improvement and enhancement of the HR function as well as to assess compliance with ever-changing rules and regulations. |