Final answer:
A compliance audit focuses on evaluating whether an organization adheres to external laws and internal guidelines, and the specific example is evaluating internal controls to ensure adherence to regulations.
Step-by-step explanation:
An example of a compliance audit is evaluating internal controls to ensure adherence to regulations.
A compliance audit is a comprehensive review that is conducted to determine if an organization is following external laws, rules, and regulations or internal guidelines, such as corporate bylaws, controls, and policies and procedures. This differs from a financial audit, which is focused solely on the accuracy of financial statements, performance analysis which is concerned with organizational efficiency, or assessments of market trends that inform investment decisions.