What Is Audit? The Difference Between Internal Audit, External Audit and Forensic Audit Audit is a process of examining the financial statements of an organization to assess the accuracy and reliability of its internal controls and compliance with laws, regulations, policies and procedures. An audit can be conducted internally or externally. Internal audit is conducted by an organization's management team or employees, while external audit is conducted by a third-party. Forensic audit includes both internal and external auditing. The difference between these three types of audits is that an internal audit focuses on the financial statements, while external auditors focus on compliance with laws, regulations, policies, and procedures. Forensic audits are a combination of both types An audit company in India can save your business time and money. Finance is a significant part of any business and it is mandatory for its survival. Whether you are an individual or an organization, one