This type of audit is completed in order to determine whether a company has adhered to the regulations and policies established by contractual agreements, governmental agencies, or some other high authority.
A)Compliance audit
B)Operational audit
C)Information audit
D)Financial statement audit

Question

Quizplus · Accepted Answer

A compliance audit is specifically designed to evaluate whether an organization is following the laws, regulations, and contractual obligations that apply to its operations. These audits are usually conducted by external auditors who specialize in regulatory compliance and are highly skilled in identifying areas of noncompliance. By conducting a compliance audit, a company can demonstrate its commitment to ethical behavior and accountability, as well as to protecting its reputation and avoiding legal penalties.

This Type of Audit Is Completed in Order to Determine