2/21/25
Financial Audits and Agreed-Upon Procedures Jamshed Kudratov, CPA
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Types of Audit • Operational audit – evaluates the efficiency and effectiveness of any part of an organization’s operating procedures and methods. • Compliance audit – evaluates whether the auditee is following specific procedures, rules, or regulations set by some higher authority. • Financial statement audit – evaluates whether the financial statements are stated in accordance with specified criteria.
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