Key terms and definitions

External Audit: Definition and Overview

External Audit: Definition and Overview

An external audit is an independent assessment of a company's financial records and operations. It is conducted by an...

Definition of Internal Audit

Definition of Internal Audit

Internal Auditing is a critical component of an organization's risk management strategy. It is an independent, objective...

What is an Operational Audit?

What is an Operational Audit?

Have you ever wondered what an operational audit is? It's a type of audit that is used to review the operational...