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Statutory Audit, Tax audit
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Accounting standards
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Under the statute
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Ind AS guidelines
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Income Tax provisions
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Disclosures
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Internal Audit
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Evaluation of internal controls
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Corporate Governance
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Accounting processes
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Forensic Audit
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To detect, improve or mitigate chances of fraud or misappropriation of resources.
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Cost Control Audit
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Audit of business operations
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Processes
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identifying loopholes
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cost effective measures.
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Management Audit
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Specific operational management functions like purchase, sales, inventory, fixed assets, mergers, acquisitions.
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Revenue Audit
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Revenue audit is a 2-tier process that scrutinizes the figures and information as given in tax returns against those found in business records of entity.