The document discusses audit and assurance, focusing on the systematic review and assessment of knowledge or documents. It outlines different types of audits, including financial, compliance, and operational audits, and distinguishes between internal and external audits. Internal audits aim to maintain high management standards within an organization, while external audits are conducted by independent firms such as PwC, Deloitte, KPMG, and EY.

1. Audit and Assurance

2. An Audit and Assurance could be a
systematic review and assessment
of knowledge or documents.
Their area unit some different types of audit
however, within the specific context of skilled
services, associate in standard audit is typically
monetary

3. What types of Audits are Available?
Financial Audit
Compliance Audit
Operational Audit

4. All audits will of two types of audit
either be internal or external:
Internal Audit -a corporation typically desires to
take care of a high customary of management
within the organization and needs to cut back the
quantity of labor done by external auditors.
External Audit -associate external audit is once
associate freelance firm comes into a business
and performs audit work on behalf of the
corporation or its shareholders in top CA
companies like Price Waterhouse Coopers (PwC),
Deloitte, KPMG and painter & Young (EY)
samples of external auditors.