Question

Which of the following audits is the most common and typically less comprehensive?

1) Internal audit
2) External audit
3) Financial audit
4) Operational audit

Answer 1

A financial audit is the most common and typically less comprehensive audit.

Step-by-step explanation:

The most common and typically less comprehensive audit is the financial audit.

A financial audit focuses on examining an organization's financial statements and records to ensure they are accurate, complete, and in accordance with accounting standards.

While financial audits primarily examine financial information, internal audits and external audits cover a broader scope, including assessing an organization's internal controls, operational efficiency, and compliance with laws and regulations.