Key terms and definitions

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...

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...