There are two major categories of auditing: _____ auditing and _____ auditing.

Question

Quizplus · Accepted Answer

The two major categories of auditing are external auditing and internal auditing. External auditing is the examination of an entity's financial statements and processes by an independent auditor, while internal auditing focuses on evaluating the effectiveness of an entity's internal controls and processes. Therefore, option E, external and internal auditing, is the best choice.

There Are Two Major Categories of Auditing: _____ Auditing and _____

There Are Two Major Categories of Auditing: _ Auditing and _