Assurance services (AS) deals with providing objective insights to Business owners for enabling them to make better business Decisions. It improves the *Governance Maturity level of the Organization.
*Governance maturity level determines Organization's ability to achieve its objectives (be it Wealth or profit Maximization).
Governance includes processes, Structures, Policies and procedures that direct, manage and monitor the activities of the organization toward the achievement of its objectives.
Internal Audit (Advisory Audit) is an activity that helps to achieve the Organizational Objective. Internal Audits does this by bringing an Systematic approach by improving the Risk Management, Controls and Governance Process.
Management Audit focuses on results by evaluating the effectiveness and suitability of controls by challenging underlying rules, procedures and methods.
It is an assessment of methods and policies of management in the:
Value for money audit aims to improve the Economy, Efficiency and Effectiveness of an Organization.
Compliance audit is type of audit that check against internal policies and procedure or external law and regulation.
Financial audit refers providing an opinion on Financial statements, by reviewing the financial and operational records along with reviewing the underlying processes and controls.
