Well you might not realize it but all companies most likely will be audited and there are actually different types. You have a financial audit which addresses accounting, recording, and reporting financial transactions. Compliance audit which is to determine if departments are adhering to federal, state, and university rules. Operational audit which examines the use of department/university
. resources to evaluate whether those resources are being utilized in the most efficient and effective way. You have investigative audits which are performed when appropriate for violations. The last is information systems audits which address the internal control environment of automated information processing systems and how these systems are used.
