Assignment Question:

Auditing is the process of assessment and ascertaining of financial, operational, and strategic goals and processes in organizations to determine whether they are in compliance with the stated principles in addition to them being in conformity with organizational and more importantly, regulatory requirements. Identify and explanation in details the following types of Audits. Provide a clear example for each one of them:

1- Internal Audits

2- External Audits

3- Financial Statement Audits

4- Operational Audits

5- Information System Audits