bnepathshala

   Unit 3     Special Audit   A s p e c i a l a u d i t i s a t i g h t l y - d e f i n e d a u d i t t h a t o n l y l oo k s a t a s p e c i f i c a r e a o f a n o r g a n i z a t i o n ’ s a c t i v i t i e s . T h i s t y p e o f a u d i t m a y b e i n i t i a t e d b y a g o v e r n m e n t a g e n c y , b u t c o u l d b e a u t h o r i z e d by any entity, or even internally. Examples of special audits are:     Compensation audits Compliance audits Controls audits Cost audits Fraud audits Royalty audits   A u d i t o f B a n k i n g C o m p a n i e s , I n s u r a n c e   c o m p a n i e s .   B anks are the cornerstone of our economy. They handle huge amounts of public deposits and s a v i n g s , s o t h e y h a v e t o b e c l o s e l y m o n i t o r e d a n d r e v i e w e d . A b a n k a u d i t i s o n e i m p o r t a n t process of this monitoring.     An audit