1. Operational Review
This includes the reviewing and assessing the soundness of controls in both financial and operational systems. The review can also touch on the effectiveness of operational areas in achieving their respective objectives and the identification of inefficient and uneconomical operational practices.
2. Compliance Audit
The audit involves the testing of the degree of compliance with established policies, guidelines and procedures, and relevant laws and legislations.
3. Information Technology (IT) Audit
The audit focuses on the review of adequacy of controls and security measures for information systems and networks. It also includes the review of the extent of compliance with the IT policies, procedures and statutory requirements.
4. Financial Audit
This is the audit of financial statements for the respective projects or bodies according to the related rules and regulations.
5. Ad Hoc Assignment
This includes:
- Special assignments as requested by Management; and
- Reviews instigated by IAU.
