Accounting · Auditing
When an audit is continuously or periodically undertaken within an organization to check internal financial controls, operational efficiency, and irregularities, it is classified as which type of audit?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statutory audit
- 2Internal audit✓
- 3Compliance audit
- 4System audit
Correct answer
Internal audit
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