Question: Explain briefly the key differences between the following types of audits: (i) Financial statement audits (ii) compliance audits (iii) operational audits. For each type of

Explain briefly the key differences between the following types of audits:

(i) Financial statement audits (ii) compliance audits (iii) operational audits.

For each type of audit, mention who appoints the auditor, the purpose of the audit and to whom the auditor reports his/her audit findings

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