types of auditing- based on function- based on approach-based on organization- based on audit dimension

2. ON THE BASIS OF ORGANIZATION
ON THE BASIS OF FUNCTIONS
ON THE BASIS OF AUDIT APPROACH
ON THE BASIS OF AUDIT DIMENSION

3. • STATUTORY AUDIT
It refers to the audit of an organization perform under a statute.
In this type of audit the rights, powers, duties are laid down by
statute which can not be altered.
• VOLUNTARY OR NON-STATUTORY AUDIT
These audits are also known as “PRIVATE AUDIT”. In this type
of audit duties and powers are decided as per the agreement
between the auditor and the client.

4. • INTERNAL AUDIT
It is a type of audit conducted by the own staff of the
organization. It is done to verify the reliability and
authenticity of the financial accounting.
• EXTERNAL AUDIT
it is a type of audit performed by auditor outside the
business organization. Qualified Chartered Accountant are
appointed as external auditor.

5. • Continuous audit
• Interim audit
• Periodical or final audit
• Complete audit
• Partial audit
• Balance sheet audit
• Occasional audit

6. • Tax audit
• Management audit
• Cost audit
• System audit
• Cash audit
• Social audit
• Energy audit
• Proprietary audit
• Performance audit
• Secretarial audit