Question

.what is audit manual​

Answer 1

Answer:

Although an audit manual is an extensive compilation of resource material intended to be used by internal audit staff, other departments may find it useful as a guide to improve their own operations through creating or updating their own manual, policies, procedures, and practices.

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Answer 2

Explanation:

An audit manual outlines the authority and scope of the internal audit function, documents standards, and provides cohesive guidelines and procedures. These guidelines promote consistency, stability, continuity, acceptable performance standards, and a means of coordinating the efforts of audit staff effectively.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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