Audit of books of accounts can be conducted in various ways. Methods of conducting audit can be determined at the time of making agreement between owner and auditor. Determination of method of audit depends on advantages, disadvantages and objectives of particular method of audit. Method of conducting audit is to be determined in advance. Audit can be conducted by using any one of under mentioned methods:
1. Continuous Audit
2. Periodical Audit
3. Interim Audit
4. Partial Audit
5. Tax Audit
6. Cost Audit
7. Management Audit
8. Government Audit
Note: all these types are discussed individually in further posts:
.jpg)