What is a compliance audit?
A)an audit to determine whether the entity has conformed with regulations, rules or processes
B)an assessment of the economy, efficiency and effectiveness of an organization's operations
C)an evaluation and improvement of risk management, internal control procedures and elements of the governance process
D)an assessment of the company's financial statements

Question

Quizplus · Accepted Answer

A compliance audit is an audit to determine whether the entity has conformed with regulations, rules or processes. It involves reviewing the organization's activities and practices to ensure they comply with relevant laws and regulations. This type of audit ensures that the organization is following the necessary procedures and regulations.

What Is a Compliance Audit