Question

Answer the
1. What is auditing? What are its types? Explain.
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Answer 1

There are three main types of audits: external audits, internal audits, and Internal Revenue Service (IRS) audits. ... An unqualified, or clean, audit opinion means that the auditor has not identified any material misstatement as a result of his or her review of the financial statements.

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Answer 2

Answer:

There are three main types of audits: external audits, internal audits, and Internal Revenue Service (IRS) audits. External audits are commonly performed by Certified Public Accounting (CPA) firms and result in an auditor's opinion which is included in the audit report.

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