Answer:- Possible types of audit for this project: 1. Financial audit - It shows acccuracy, fairness and where the financial portion used and how much. As in this it show all the financial records which shows relaibility of data. 2. Operational audit - it is future oriented and independent evalution of organisational activites, in this internal activites and effeciency and control is evaluated. 3. Investigavtive audit - In this audit evaluted on the suspicious matters which may be include with individual or departement, all the members confidentially repord to director about this suspcious matter. Steps in Audit process:- 1. scheduling the conference to audit objective, timing, purpose, format and work distribution. 2. Assesing the relability of documents and internal effeciency and system. 3. Testing internal control for ensuring proper operations. 4. Disscusing all the thing with management all observation 5. draft a report according to responses of the queries. 6. Following critical issue which raised in audit report, that this is resolved or not. Solution Answer:- Possible types of audit for this project: 1. Financial audit - It shows acccuracy, fairness and where the financial portion used and how much. As in this it show all the financial records which shows relaibility of data. 2. Operational audit - it is future oriented and independent evalution of organisational activites, in this internal activites and effeciency and control is evaluated. 3. Investigavtive audit - In this audit evaluted on the suspicious matters which may be include with individual or departement, all the members confidentially repord to director about this suspcious matter. Steps in Audit process:- 1. scheduling the conference to audit objective, timing, purpose, format and work distribution. 2. Assesing the relability of documents and internal effeciency and system. 3. Testing internal control for ensuring proper operations. 4. Disscusing all the thing with management all observation 5. draft a report according to responses of the queries. 6. Following critical issue which raised in audit report, that this is resolved or not..