Audis can be categorited into five types: (7) financial statement audics, (2) audis of internal control (5) complance audis, (4) operational audits, and (S) fraud mudits.Requiredt.For each of the following deucriptions, indicate which type of audit financial statement audi, audit of internal control, compliance audi, operational audit, or trad audit best characleries the nature of the audit being conducled. Also indicale which type of auditor Iexternal audioc, internal auditoc, government auditox, or frad audioul is libely lo perform the audi engagement, Ficone than one trpe of auditor might perform the audi engroement. Include every appropriate type of audiou in pur answerNote; if mere than one option is appropriabe for one of the drepilowns below, select the choice that represents all applicable option.a. Evaluate the polcies and procedures of the Food and Drug Adnishrulion in lerm of tringing new drugs to market.b. Determine the falr presensation of Nax Chemical's Balarice sheet, income statement, and statement of cash flows.C. Review the paymerl procedures of the accounts paryble department for a large mandacherd. Examine the frincial meconds of a dividion of a corporation is determine at ary accounting integular thes have occurrede. Evaluate whether funds for a low income public houring profect are betipg uned in an elficent marrer by the project manager in maintaining and upgrading the property.o Auste the patremino las returs of a teal eutivie development compay.In linestigete the pensidity of payed favel in a labor union persion fand