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______ is a compliance audit.
Statutory audit
Management audit
Internal audit
Secretarial audit
- A compliance audit assesses whether an organization adheres to regulatory guidelines. It ensures the company follows laws, regulations, policies, and procedures.
- Statutory audit: Focused on financial statements to ensure they are a true and fair view of the financial position.
- Management audit: Evaluates effectiveness and efficiency of management practices, not for compliance.
- Internal audit: Conducted by internal staff, examining risk management and control processes, focusing on internal operations.
- Secretarial audit: [] Evaluates a company’s compliance with corporate laws and regulations, particularly company law.
By: Rohit Middha ProfileResourcesReport error
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