{"id":230930,"date":"2026-10-08T17:24:17","date_gmt":"2026-10-08T11:54:17","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=230930"},"modified":"2026-10-08T17:24:19","modified_gmt":"2026-10-08T11:54:19","slug":"classification-of-audit-types","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/","title":{"rendered":"Classification of Audit: Types, Basis, Importance and Free Quiz"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_is_classification_of_audit\" >What is classification of audit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#Download_Classification_of_Audit_Quiz_PDF\" >Download Classification of Audit Quiz PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#Attempt_Classification_of_Audit_Quiz\" >Attempt Classification of Audit Quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_are_the_main_bases_of_audit_classification\" >What are the main bases of audit classification?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_are_the_types_of_audit_based_on_statutory_requirement\" >What are the types of audit based on statutory requirement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_are_the_types_of_audit_based_on_time_of_conduct\" >What are the types of audit based on time of conduct?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_are_the_types_of_audit_based_on_objectives_or_scope\" >What are the types of audit based on objectives or scope?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_are_the_types_of_audit_based_on_organizational_structure\" >What are the types of audit based on organizational structure?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_are_the_types_of_audit_based_on_the_nature_of_work\" >What are the types of audit based on the nature of work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#Why_is_classification_of_audit_important\" >Why is classification of audit important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_is_the_difference_between_statutory_and_non-statutory_audit\" >What is the difference between statutory and non-statutory audit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_is_the_difference_between_internal_and_external_audit\" >What is the difference between internal and external audit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#How_does_audit_classification_help_in_examinations\" >How does audit classification help in examinations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#What_are_the_key_points_to_remember_about_classification_of_audit\" >What are the key points to remember about classification of audit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Audit is an important part of financial management, compliance, and corporate governance. It helps organizations examine their financial records, internal processes, controls, and statutory compliance in a systematic manner. Since audits are conducted for different purposes and under different conditions, they are classified into various types based on their legal requirement, timing, objective, organizational structure, and nature of work. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-classification-of-audit\"><span class=\"ez-toc-section\" id=\"What_is_classification_of_audit\"><\/span>What is classification of audit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Classification of audit means grouping audits into different categories based on their purpose, scope, timing, legal requirement, or the person conducting the audit. This classification makes it easier to understand how different audits are planned and performed. For example, a statutory audit is conducted because it is required by law, while an internal audit mainly focuses on internal controls and business processes. Similarly, a continuous audit is carried out throughout the year, while a final audit is generally conducted after the accounting period ends.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It helps identify the purpose of a particular audit.<\/li>\n\n\n\n<li>It defines the scope and nature of audit work.<\/li>\n\n\n\n<li>It helps auditors select suitable audit procedures.<\/li>\n\n\n\n<li>It supports legal and regulatory compliance.<\/li>\n\n\n\n<li>It improves financial control and organizational governance.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-prep-kit\/?ref=contac-upsc-epfo-classi-of-audit-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Check Out UPSC EPFO Prep Kit<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_Classification_of_Audit_Quiz_PDF\"><\/span>Download Classification of Audit Quiz PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Classification of Audit Quiz PDF is useful for revising important concepts related to the types and bases of audit classification, including statutory and non-statutory audits, continuous and interim audits, financial and cost audits, management and operational audits, internal and external audits, government audit, and special audits.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>Classification of Audit Quiz<\/td><td><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-prep-kit\/?ref=contac-upsc-epfo-classi-of-audit-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Now<\/a><\/td><\/tr><tr><td>UPSC EPFO APFC Previous Year Papers<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-previous-year-question-papers\/?ref=contac-upsc-epfo-classi-of-audit-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Now<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Attempt_Classification_of_Audit_Quiz\"><\/span>Attempt Classification of Audit Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Test your preparation with the Classification of Audit Quiz and revise important concepts such as the basis of audit classification, statutory and non-statutory audit, continuous and periodical audit, interim audit, financial audit, cost audit, management audit, operational audit, internal and external audit, government audit, complete and partial audit, cash audit, depreciation audit, and special audit. <\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> Classification of Audit Quiz <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. A company undergoes an annual audit because legislation requires it, while its owner also requests a review of branch cash controls. Which classification most accurately describes the two engagements?<\/p>\n  <button data-correct=\"true\">Statutory audit and voluntary special-purpose review, respectively<\/button>\n  <button data-correct=\"false\">Both are statutory audits because they concern accounts<\/button>\n  <button data-correct=\"false\">Both are voluntary audits because management engages the auditors<\/button>\n  <button data-correct=\"false\">Statutory audit and forensic audit, respectively, irrespective of suspected fraud<\/button>\n  <button data-correct=\"false\">Internal audit and statutory audit, respectively, solely because of their timing<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. Identify the INCORRECT statement concerning statutory and voluntary audits.<\/p>\n  <button data-correct=\"false\">A voluntary engagement should specify its scope and reporting responsibilities.<\/button>\n  <button data-correct=\"false\">Management cannot override mandatory statutory reporting duties by agreement.<\/button>\n  <button data-correct=\"false\">The statutory nature of an audit follows a legal requirement.<\/button>\n  <button data-correct=\"true\">A voluntary audit becomes statutory whenever an independent Chartered Accountant performs it.<\/button>\n  <button data-correct=\"false\">A voluntary audit may enhance lender confidence.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. A private business is not legally required to have its accounts audited but commissions an audit to assist in obtaining a loan. What is the strongest basis for classification?<\/p>\n  <button data-correct=\"false\">Location: branch audit<\/button>\n  <button data-correct=\"true\">Legal requirement: voluntary audit<\/button>\n  <button data-correct=\"false\">Reporting: government audit<\/button>\n  <button data-correct=\"false\">Method: systems audit<\/button>\n  <button data-correct=\"false\">Timing: continuous audit<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. Which statement best captures why audit classifications are NOT mutually exclusive?<\/p>\n  <button data-correct=\"false\">A statutory audit cannot also be an external audit.<\/button>\n  <button data-correct=\"false\">Audits are classified exclusively by the sector in which an entity operates.<\/button>\n  <button data-correct=\"false\">An internal audit must necessarily be conducted continuously.<\/button>\n  <button data-correct=\"false\">An audit can have only one objective even when several laws apply.<\/button>\n  <button data-correct=\"true\">A single engagement may be statutory, external, financial and annual simultaneously.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. A company asks its external statutory auditor to omit mandatory reporting on an important matter because the audit engagement letter excludes it. What is the soundest conclusion?<\/p>\n  <button data-correct=\"false\">Only voluntary audits require compliance with professional standards.<\/button>\n  <button data-correct=\"false\">The report automatically becomes a forensic report.<\/button>\n  <button data-correct=\"true\">An engagement letter cannot displace applicable statutory duties.<\/button>\n  <button data-correct=\"false\">The company can unilaterally redefine all statutory audit duties.<\/button>\n  <button data-correct=\"false\">Every excluded matter converts the audit into an internal audit.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. Which of the following is the BEST description of classification by legal requirement rather than by audit objective?<\/p>\n  <button data-correct=\"true\">Statutory versus voluntary<\/button>\n  <button data-correct=\"false\">Economy versus effectiveness<\/button>\n  <button data-correct=\"false\">Systems versus transaction<\/button>\n  <button data-correct=\"false\">Financial versus operational<\/button>\n  <button data-correct=\"false\">Continuous versus final<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. Identify the CORRECT statement about voluntarily commissioned audits.<\/p>\n  <button data-correct=\"false\">They always confer the identical statutory assurance as a company audit.<\/button>\n  <button data-correct=\"false\">They cannot involve financial statements.<\/button>\n  <button data-correct=\"false\">They are necessarily performed by employees of the entity.<\/button>\n  <button data-correct=\"true\">Their scope is generally specified by the agreed engagement terms, subject to applicable standards and law.<\/button>\n  <button data-correct=\"false\">They are exempt from all professional responsibilities.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. An audit is required under a sector-specific statute, uses an external auditor and addresses the entity\u2019s financial statements. Which is the most accurate combination?<\/p>\n  <button data-correct=\"false\">Special by requirement, internal by relationship, compliance by timing<\/button>\n  <button data-correct=\"true\">Statutory by requirement, external by relationship, financial by objective<\/button>\n  <button data-correct=\"false\">Forensic by requirement, branch by relationship, voluntary by objective<\/button>\n  <button data-correct=\"false\">Statutory by requirement, continuous by relationship, cost by objective<\/button>\n  <button data-correct=\"false\">Voluntary by requirement, internal by relationship, financial by objective<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. Which conclusion is justified when an audit is described only as \u201cannual\u201d?<\/p>\n  <button data-correct=\"false\">It must have been commissioned voluntarily.<\/button>\n  <button data-correct=\"false\">It must examine all transactions without sampling.<\/button>\n  <button data-correct=\"false\">It must be carried out by the internal audit team.<\/button>\n  <button data-correct=\"false\">It must be a statutory financial audit.<\/button>\n  <button data-correct=\"true\">Only its periodic timing is indicated; its legal basis and objective remain unknown.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. Which characteristic is LEAST sufficient, by itself, to identify an audit as statutory?<\/p>\n  <button data-correct=\"false\">Applicable legislation expressly requires an audit.<\/button>\n  <button data-correct=\"false\">Legislation establishes audit reporting responsibilities.<\/button>\n  <button data-correct=\"true\">The engagement examines books of account and produces a written report.<\/button>\n  <button data-correct=\"false\">A statute prescribes auditor eligibility for the entity.<\/button>\n  <button data-correct=\"false\">The audit obligation arises from the entity\u2019s governing law.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. The audit committee receives a review of procurement controls from a team reporting functionally to it and administratively to the CEO. Which feature principally supports internal-audit independence?<\/p>\n  <button data-correct=\"true\">Functional accountability to the audit committee<\/button>\n  <button data-correct=\"false\">Responsibility for designing and operating every procurement control<\/button>\n  <button data-correct=\"false\">Participation in approving purchases<\/button>\n  <button data-correct=\"false\">Dependence on department managers for final audit conclusions<\/button>\n  <button data-correct=\"false\">Administrative reporting to the CEO alone<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. Identify the INCORRECT statement about internal audit.<\/p>\n  <button data-correct=\"false\">It may perform assurance and advisory work.<\/button>\n  <button data-correct=\"false\">Its remit can cover governance, risk management and controls.<\/button>\n  <button data-correct=\"false\">Its findings may be communicated to management and the audit committee.<\/button>\n  <button data-correct=\"true\">Internal auditors must take ownership of the controls they assess to guarantee effective governance.<\/button>\n  <button data-correct=\"false\">Internal audit may be performed by employees or an outsourced provider.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. An entity has a robust internal audit department and claims that no independent financial statement audit is needed despite a legal requirement. Which response is correct?<\/p>\n  <button data-correct=\"false\">The internal audit report automatically serves as the statutory opinion.<\/button>\n  <button data-correct=\"true\">Internal audit does not eliminate an applicable statutory external-audit obligation.<\/button>\n  <button data-correct=\"false\">Statutory obligations depend solely on the internal audit budget.<\/button>\n  <button data-correct=\"false\">An annual internal audit legally replaces any external audit.<\/button>\n  <button data-correct=\"false\">External auditors are required only when internal auditors find fraud.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. What is the PRIMARY output expected from an independent financial-statement external audit?<\/p>\n  <button data-correct=\"false\">Certification that every recorded transaction was inspected<\/button>\n  <button data-correct=\"false\">Assurance that all business decisions were economically optimal<\/button>\n  <button data-correct=\"false\">An operational plan that management is bound to implement<\/button>\n  <button data-correct=\"false\">A guarantee that fraud does not exist anywhere in the organisation<\/button>\n  <button data-correct=\"true\">An opinion on the financial statements under the applicable reporting framework<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. An internal audit team discovers a weakness in access controls. Which response best preserves separation of responsibilities?<\/p>\n  <button data-correct=\"false\">Report that no risk remains without testing management action.<\/button>\n  <button data-correct=\"false\">Approve future access requests on behalf of management.<\/button>\n  <button data-correct=\"true\">Recommend remediation and verify follow-up, while management owns implementation.<\/button>\n  <button data-correct=\"false\">Change permissions directly and become permanent system administrator.<\/button>\n  <button data-correct=\"false\">Delete audit evidence once management promises a fix.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. Which arrangement MOST clearly creates a self-review threat for an internal auditor?<\/p>\n  <button data-correct=\"true\">Designing a payment approval process and subsequently auditing its effectiveness without safeguards<\/button>\n  <button data-correct=\"false\">Using a risk-based internal audit plan<\/button>\n  <button data-correct=\"false\">Reviewing segregation of duties in a process designed by management<\/button>\n  <button data-correct=\"false\">Obtaining corroborating evidence for findings<\/button>\n  <button data-correct=\"false\">Reporting a major control deficiency to the audit committee<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. Identify the CORRECT comparison between internal and external financial auditors.<\/p>\n  <button data-correct=\"false\">External auditors ordinarily manage internal controls for their client.<\/button>\n  <button data-correct=\"false\">External financial auditors only examine operational economy.<\/button>\n  <button data-correct=\"false\">Internal audit can never examine financial controls.<\/button>\n  <button data-correct=\"true\">Internal audit can assess wide operational risks; external financial audit chiefly supports an opinion on financial statements.<\/button>\n  <button data-correct=\"false\">Both must have identical reporting addressees.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. A lender requests an independent examination of a borrower\u2019s financial statements. Which trait is decisive in classifying the auditor as external?<\/p>\n  <button data-correct=\"false\">The borrower operates in multiple branches.<\/button>\n  <button data-correct=\"true\">The auditor is independent of the borrower\u2019s internal management function.<\/button>\n  <button data-correct=\"false\">The audit uses sample testing.<\/button>\n  <button data-correct=\"false\">The lender requests the audit midway through the year.<\/button>\n  <button data-correct=\"false\">The auditor is assigned only to cash balances.<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. Which task is generally the responsibility of management rather than the financial-statement auditor?<\/p>\n  <button data-correct=\"false\">Issuing the audit opinion<\/button>\n  <button data-correct=\"false\">Communicating relevant audit findings<\/button>\n  <button data-correct=\"false\">Obtaining sufficient appropriate audit evidence<\/button>\n  <button data-correct=\"false\">Assessing risks of material misstatement<\/button>\n  <button data-correct=\"true\">Preparing the financial statements and maintaining necessary internal controls<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. When external auditors consider internal audit work, which statement is most defensible?<\/p>\n  <button data-correct=\"false\">A favourable internal report guarantees an unmodified opinion.<\/button>\n  <button data-correct=\"false\">Internal audit findings automatically replace all external procedures.<\/button>\n  <button data-correct=\"true\">They remain responsible for their own external audit opinion and cannot simply transfer that responsibility.<\/button>\n  <button data-correct=\"false\">The internal audit department signs the statutory auditor\u2019s report.<\/button>\n  <button data-correct=\"false\">External audit becomes voluntary after reliance on internal audit.<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437394_8652&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437394_8652\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 44px; width: 204px; border: 0px; margin: -2px -10px;\"><\/iframe><\/div><\/div>\n                   <\/div>\n                   <h6 class=\"signup-subheader\">Or, register with email<\/h6>\n                   <label class=\"errormsg txt-red courseUp\"><\/label>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                        <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-uemail\" required=\"\">\n                        <span class=\"floating-label\" style=\"top: 19px; font-size: 12px;\">Email Id<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mobile-black.svg\" alt=\"\"><\/span>\n                        <input type=\"text\" maxlength=\"10\" name=\"monum\" class=\"formcontrol ob-inputfield\" id=\"course-uphone\" required=\"\">\n                        <span class=\"floating-label\">Mobile Number<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                        <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-upassword\" required=\"\">\n                        <span class=\"floating-label\">Password<\/span>\n                   <\/div>\n                   <button type=\"button\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseUpValidation('home','IBPS','https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common');return false;\" id=\"courseup\">REGISTER<\/button>\n                    <p class=\"obls-footer\">Already a user?<button type=\"button\" class=\"btn btn-xs btn-switch-obls btn-show-modal-login\" id=\"btn-show-modal-login\">Login<\/button><\/p>\n               <\/div> \n            <\/div> \n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<div class=\"modal modal-obls\" id=\"modal-login\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group2\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-run-health.svg\" alt=\"\"><\/span>\n                   <div id=\"login-group-abc\" class=\"lfp-group-abc\"><!-- start login group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Login\"><\/span>Login<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <label class=\"errormsg txt-red courseIn\"><\/label>\n                       <div class=\"formcontrol-group disable-loginemail\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-email\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginnext-group\" id=\"loginnext-group\"><!-- pass and captcha -->\n                           <div class=\"formcontrol-group\">\n                                <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                                <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-password\" required=\"\">\n                                <span class=\"floating-label\">Password<\/span>\n                           <\/div>\n                           <div style=\"display:none\" id=\"img-oblcaptcha\" class=\"captcha-img-blk\">\n                           <\/div>\n                           <div style=\"display:none\" class=\"formcontrol-group captcha-input-blk\">\n                                <input type=\"text\" name=\"pwd1\" value=\"1\" class=\"formcontrol ob-inputfield\" id=\"lcaptcha-code\" required=\"\">\n                                <span class=\"floating-label\">Enter text you see in the image<\/span>\n                           <\/div>\n                       <\/div><!-- pass and captcha -->\n                       \n                       <div class=\"btn-forgotpwd-group\"><button id=\"btn-forgotpwd\" class=\"btn btn-forgotpwd\">Forgot Password?<\/button><\/div>\n                       <button type=\"button\" id=\"coursein1\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseInValidation1()\">Next<\/button>\n                       <button type=\"button\" id=\"coursein\" class=\"btn btn-md btn-tblue btn-obls coursein\" onclick=\"courseInValidation('https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common')\">Submit<\/button>\n                       <form method=\"post\" action=\"https:\/\/login.oliveboard.in\/login\/next.php\" id=\"snf1\">\n                        <input type=\"hidden\" name=\"email\" value=\"\" id=\"lemailnext\">\n                        <\/form>\n                   <\/div><!-- end login group -->\n                   <div id=\"forgotpwd-group-abc\" class=\"lfp-group-abc forgotpwd-group-abc\"><!-- start forgotpwd group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Forgot_Password\"><\/span>Forgot Password<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <p class=\"secintro-txt\">Please enter the Email ID we will send you a Email with the link to reset the password.<\/p>\n                       <label class=\"errormsg txt-red rePassMsg\"><\/label>\n                       <div class=\"formcontrol-group formcontrol-group-fp\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"remail\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginas-group loginas-group1\">\n                            <button type=\"button\" id=\"btn-fpwd-cancel\" class=\"btn btn-md btn-white btn-cancel btn-fpwd-cancel\">Cancel<\/button>\n                            <button type=\"button\" id=\"lreset\" class=\"btn btn-md btn-tblue btn-fpwd-submit\" onclick=\"resetPassword()\">Submit<\/button>\n                       <\/div>\n                    <\/div><!-- end forgotpwd group --> \n                   <h6 class=\"login-subheader\">Or, login with<\/h6>\n                   <div class=\"loginas-group loginas-group2 loginas-group-single\">\n\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><div tabindex=\"0\" role=\"button\" aria-labelledby=\"button-label\" class=\"nsm7Bb-HzV7m-LgbsSe  hJDwNd-SxQuSe i5vt6e-Ia7Qfc uaxL4e-RbRzK\"><div class=\"nsm7Bb-HzV7m-LgbsSe-MJoBVe\"><\/div><div class=\"nsm7Bb-HzV7m-LgbsSe-bN97Pc-sM5MNb \"><div class=\"nsm7Bb-HzV7m-LgbsSe-Bz112c\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 48 48\" class=\"LgbsSe-Bz112c\"><g><path fill=\"#EA4335\" d=\"M24 9.5c3.54 0 6.71 1.22 9.21 3.6l6.85-6.85C35.9 2.38 30.47 0 24 0 14.62 0 6.51 5.38 2.56 13.22l7.98 6.19C12.43 13.72 17.74 9.5 24 9.5z\"><\/path><path fill=\"#4285F4\" d=\"M46.98 24.55c0-1.57-.15-3.09-.38-4.55H24v9.02h12.94c-.58 2.96-2.26 5.48-4.78 7.18l7.73 6c4.51-4.18 7.09-10.36 7.09-17.65z\"><\/path><path fill=\"#FBBC05\" d=\"M10.53 28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; }\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 9 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-main-bases-of-audit-classification\"><span class=\"ez-toc-section\" id=\"What_are_the_main_bases_of_audit_classification\"><\/span>What are the main bases of audit classification?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Audits can be classified using different criteria depending on the purpose and nature of the examination. The major bases include statutory requirements, time of conduct, objectives or scope, organizational structure, and nature of work. Each basis provides a different way of understanding the audit process. These classifications are useful for auditors, management, accounting professionals, and students preparing for banking and finance examinations.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Basis of classification<\/strong><\/td><td><strong>Major types of audit<\/strong><\/td><\/tr><tr><td>Based on statutory requirement<\/td><td>Statutory Audit, Non-Statutory Audit<\/td><\/tr><tr><td>Based on time of conduct<\/td><td>Continuous Audit, Periodical Audit, Interim Audit, Balance Sheet Audit, Partial Audit<\/td><\/tr><tr><td>Based on objectives or scope<\/td><td>Financial Audit, Cost Audit, Management Audit, Operational Audit, Tax Audit, Secretarial Audit, Performance Audit<\/td><\/tr><tr><td>Based on organizational structure<\/td><td>Internal Audit, External Audit, Government Audit<\/td><\/tr><tr><td>Based on nature of work<\/td><td>Complete Audit, Partial Audit, Cash Audit, Depreciation Audit, Special Audit<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-types-of-audit-based-on-statutory-requirement\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_audit_based_on_statutory_requirement\"><\/span>What are the types of audit based on statutory requirement?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The statutory requirement is one of the important bases for classifying audits. Under this basis, audits are divided according to whether the audit is required by law or conducted voluntarily. A statutory audit is compulsory for entities covered by the relevant law, while a non-statutory audit is undertaken based on the organization&#8217;s own requirements. This distinction helps determine the legal responsibility and framework applicable to the audit.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type of audit<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td><strong>Statutory Audit<\/strong><\/td><td>An audit required by law for specified entities. For example, companies may be required to undergo audit under the Companies Act, 2013.<\/td><\/tr><tr><td><strong>Non-Statutory Audit<\/strong><\/td><td>An audit conducted voluntarily by an organization to review its accounts, controls, processes, or performance.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-types-of-audit-based-on-time-of-conduct\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_audit_based_on_time_of_conduct\"><\/span>What are the types of audit based on time of conduct?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The timing of an audit determines when the auditor examines the books, transactions, and records of an organization. Some audits are conducted throughout the year, while others are performed after the accounting period or at an intermediate stage. The choice depends on the size of the organization, the purpose of the audit, and management requirements.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type of audit<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td><strong>Continuous Audit<\/strong><\/td><td>Conducted regularly throughout the accounting year. It is generally useful for organizations with a large volume of transactions.<\/td><\/tr><tr><td><strong>Periodical or Final Audit<\/strong><\/td><td>Generally conducted after the end of the accounting period and after the books are closed.<\/td><\/tr><tr><td><strong>Interim Audit<\/strong><\/td><td>Conducted during the year before the completion of the annual audit, often for reviewing interim financial information.<\/td><\/tr><tr><td><strong>Balance Sheet Audit<\/strong><\/td><td>Mainly focuses on verifying assets, liabilities, and equity shown in the balance sheet.<\/td><\/tr><tr><td><strong>Partial Audit<\/strong><\/td><td>Covers only selected accounts, transactions, departments, or areas instead of the complete records.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc-mock-test\/?ref=contac-upsc-epfo-classi-of-audit-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A Free UPSC EPFO APFC Mock Test Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-types-of-audit-based-on-objectives-or-scope\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_audit_based_on_objectives_or_scope\"><\/span>What are the types of audit based on objectives or scope?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Audits may also be classified according to what the auditor is expected to examine. Some audits focus on financial statements, while others examine costs, taxation, management performance, operations, or legal compliance. These specialized audits provide information about specific areas of an organization and help management and other stakeholders make informed decisions.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type of audit<\/strong><\/td><td><strong>Main focus<\/strong><\/td><\/tr><tr><td><strong>Financial Audit<\/strong><\/td><td>Examines financial statements and related records to assess their accuracy and fairness.<\/td><\/tr><tr><td><strong>Cost Audit<\/strong><\/td><td>Examines cost records and related information to assess accuracy and compliance with applicable requirements.<\/td><\/tr><tr><td><strong>Management Audit<\/strong><\/td><td>Reviews management practices, decision-making, efficiency, and overall organizational performance.<\/td><\/tr><tr><td><strong>Operational Audit<\/strong><\/td><td>Examines the efficiency, effectiveness, and economy of business operations.<\/td><\/tr><tr><td><strong>Tax Audit<\/strong><\/td><td>Examines specified tax-related records and compliance requirements under applicable tax law.<\/td><\/tr><tr><td><strong>Secretarial Audit<\/strong><\/td><td>Reviews compliance with applicable corporate laws and regulations as prescribed under the Companies Act, 2013.<\/td><\/tr><tr><td><strong>Performance Audit<\/strong><\/td><td>Examines the economy, efficiency, and effectiveness of the use of resources.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-types-of-audit-based-on-organizational-structure\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_audit_based_on_organizational_structure\"><\/span>What are the types of audit based on organizational structure?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This classification is based mainly on who conducts the audit and the relationship of the auditor with the organization. Internal audits are generally concerned with internal controls and processes, whereas external audits are performed by independent auditors. Government audits are conducted within the public sector framework and may involve the Comptroller and Auditor General of India (CAG).<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type of audit<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td><strong>Internal Audit<\/strong><\/td><td>Conducted by internal auditors or an internal audit function to review controls, risk management, compliance, and operations.<\/td><\/tr><tr><td><strong>External Audit<\/strong><\/td><td>Conducted by an independent auditor who examines financial information and provides an independent audit opinion where applicable.<\/td><\/tr><tr><td><strong>Government Audit<\/strong><\/td><td>Conducted in relation to government departments, public sector entities, and other bodies covered under the applicable government audit framework.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-types-of-audit-based-on-the-nature-of-work\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_audit_based_on_the_nature_of_work\"><\/span>What are the types of audit based on the nature of work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The nature of work refers to the extent and specific area covered by an audit. An audit may cover the complete financial records or focus on a particular area such as cash, depreciation, or a specific investigation. This classification allows the audit to be designed according to the organization&#8217;s specific requirements.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type of audit<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td><strong>Complete Audit<\/strong><\/td><td>Covers the complete set of accounts and relevant records for the specified period.<\/td><\/tr><tr><td><strong>Partial Audit<\/strong><\/td><td>Covers only selected accounts, departments, transactions, or areas.<\/td><\/tr><tr><td><strong>Cash Audit<\/strong><\/td><td>Focuses on cash transactions, cash balances, and related records.<\/td><\/tr><tr><td><strong>Depreciation Audit<\/strong><\/td><td>Examines the application and accounting treatment of depreciation on relevant assets.<\/td><\/tr><tr><td><strong>Special Audit<\/strong><\/td><td>Conducted for a specific purpose or investigation when a detailed examination of a particular matter is required.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc\/?ref=contac-upsc-epfo-classi-of-audit-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Enroll  for UPSC EPFO APFC Online Courses<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-classification-of-audit-important\"><span class=\"ez-toc-section\" id=\"Why_is_classification_of_audit_important\"><\/span>Why is classification of audit important?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Classification of audit helps organizations and auditors understand the purpose and scope of an audit before the audit work begins. It supports better audit planning and helps in selecting appropriate procedures for different situations. It also makes it easier to distinguish between audits based on legal requirements, timing, objectives, and scope. For students, understanding these classifications is also useful for answering conceptual questions in accounting, banking, and regulatory examinations.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Improves audit planning:<\/strong> Helps determine the appropriate audit approach and scope.<\/li>\n\n\n\n<li><strong>Supports compliance:<\/strong> Helps organizations meet applicable legal and regulatory requirements.<\/li>\n\n\n\n<li><strong>Improves internal control:<\/strong> Specialized audits can identify weaknesses in processes and controls.<\/li>\n\n\n\n<li><strong>Supports decision-making:<\/strong> Audit findings provide useful information to management and stakeholders.<\/li>\n\n\n\n<li><strong>Promotes transparency:<\/strong> Proper auditing strengthens accountability and reliability of financial information.<\/li>\n\n\n\n<li><strong>Helps in resource allocation:<\/strong> Organizations can focus audit efforts on areas that require greater attention.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-difference-between-statutory-and-non-statutory-audit\"><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_statutory_and_non-statutory_audit\"><\/span>What is the difference between statutory and non-statutory audit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The main difference is the reason for conducting the audit. A statutory audit is performed because a law or regulation requires it for a particular entity, whereas a non-statutory audit is generally conducted voluntarily based on management&#8217;s requirements. Both can help examine financial records and controls, but their legal basis and purpose may differ.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Basis<\/strong><\/td><td><strong>Statutory Audit<\/strong><\/td><td><strong>Non-Statutory Audit<\/strong><\/td><\/tr><tr><td>Requirement<\/td><td>Required by applicable law<\/td><td>Generally voluntary<\/td><\/tr><tr><td>Purpose<\/td><td>Meets statutory requirements<\/td><td>Meets management or organizational needs<\/td><\/tr><tr><td>Legal framework<\/td><td>Governed by applicable legislation<\/td><td>Depends on the organization&#8217;s requirements<\/td><\/tr><tr><td>Scope<\/td><td>Determined by applicable law and auditing requirements<\/td><td>Determined according to the purpose of the audit<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-difference-between-internal-and-external-audit\"><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_internal_and_external_audit\"><\/span>What is the difference between internal and external audit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Internal and external audits differ mainly in their purpose, relationship with the organization, and reporting responsibilities. Internal audit generally focuses on internal controls, risk management, compliance, and operational improvement. External audit is performed independently and, where applicable, results in an independent opinion on financial statements.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Basis<\/strong><\/td><td><strong>Internal Audit<\/strong><\/td><td><strong>External Audit<\/strong><\/td><\/tr><tr><td>Main focus<\/td><td>Internal controls, risks, compliance, and operations<\/td><td>Financial statements and related financial information<\/td><\/tr><tr><td>Auditor<\/td><td>Internal audit function or internal auditors<\/td><td>Independent external auditor<\/td><\/tr><tr><td>Primary users<\/td><td>Management and those charged with governance<\/td><td>Shareholders and other relevant stakeholders<\/td><\/tr><tr><td>Independence<\/td><td>Internal function with appropriate objectivity<\/td><td>Independent of the organization<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc-study-plan\/?ref=contac-upsc-epfo-classi-of-audit-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Check out the UPSC EPFO Study Plan<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-audit-classification-help-in-examinations\"><span class=\"ez-toc-section\" id=\"How_does_audit_classification_help_in_examinations\"><\/span>How does audit classification help in examinations?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Audit classification is an important conceptual area for students preparing for accounting, banking, commerce, and regulatory examinations. Questions can be asked about the basis of classification, definitions, differences between audit types, and the purpose of specialized audits. Learning the classification through tables and comparisons makes it easier to revise similar concepts and avoid confusion between different types of audits.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Learn the five major bases of classification.<\/li>\n\n\n\n<li>Remember the key features of each audit type.<\/li>\n\n\n\n<li>Compare similar concepts such as internal vs external audit.<\/li>\n\n\n\n<li>Revise specialized audits such as cost, tax, secretarial, and performance audits.<\/li>\n\n\n\n<li>Practice objective questions to improve speed and accuracy.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-key-points-to-remember-about-classification-of-audit\"><span class=\"ez-toc-section\" id=\"What_are_the_key_points_to_remember_about_classification_of_audit\"><\/span>What are the key points to remember about classification of audit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Classification of audit provides a structured way to understand different types of audits and their purposes. The most important point is to identify the basis on which an audit is being classified. Once the basis is clear, the related audit types and their functions become easier to remember.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Key area<\/strong><\/td><td><strong>What to remember<\/strong><\/td><\/tr><tr><td>Statutory requirement<\/td><td>Statutory and non-statutory audit<\/td><\/tr><tr><td>Time of conduct<\/td><td>Continuous, periodical, interim, balance sheet, and partial audit<\/td><\/tr><tr><td>Objectives or scope<\/td><td>Financial, cost, management, operational, tax, secretarial, and performance audit<\/td><\/tr><tr><td>Organizational structure<\/td><td>Internal, external, and government audit<\/td><\/tr><tr><td>Nature of work<\/td><td>Complete, partial, cash, depreciation, and special audit<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1791457511713\"><strong class=\"schema-faq-question\">1. What is classification of audit?<\/strong> <p class=\"schema-faq-answer\">Classification of audit means grouping audits based on their purpose, timing, scope, legal requirement, or nature of work.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1791457512589\"><strong class=\"schema-faq-question\">2. What are the main bases of audit classification?<\/strong> <p class=\"schema-faq-answer\">The main bases are statutory requirement, time of conduct, objectives or scope, organizational structure, and nature of work.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1791457513297\"><strong class=\"schema-faq-question\">3. What is a statutory audit?<\/strong> <p class=\"schema-faq-answer\">A statutory audit is an audit required by law for specified entities.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1791457514245\"><strong class=\"schema-faq-question\">4. What is a non-statutory audit?<\/strong> <p class=\"schema-faq-answer\">A non-statutory audit is conducted voluntarily to meet the internal requirements of an organization.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1791457515024\"><strong class=\"schema-faq-question\">5. What is a financial audit?<\/strong> <p class=\"schema-faq-answer\">A financial audit examines financial statements and related records to assess their accuracy and fairness.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-indian-economy-conceptual-numerical-quiz\/\">Attempt UPSC EPFO APFC Indian Economy Conceptual &amp; Numerical Quiz<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-computer-applications-quiz\/\">Attempt UPSC EPFO APFC Computer Applications Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/code-on-social-security-2020-practice-quiz\/\">UPSC EPFO APFC Code on Social Security 2020 Quiz &amp; Free PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-insurance-quiz\/\">Attempt UPSC EPFO APFC Insurance Practice Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-auditing-practice-quiz\/\">Attempt UPSC EPFO APFC Auditing Practice Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-marks-vs-cut-off\/\">UPSC EPFO APFC Marks vs Cut-Off, How to Calculate Your Score?<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Audit is an important part of financial management, compliance, and corporate governance. It helps organizations examine their financial records, internal<\/p>\n","protected":false},"author":58,"featured_media":253669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10210,62,10321],"tags":[18110,11528],"class_list":["post-230930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-epfo","category-government-exams","category-upsc-epfo","tag-classification-of-audit","tag-upsc-epfo","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Classification of Audit: Types, Basis, Importance and Free Quiz<\/title>\n<meta name=\"description\" content=\"Understand the classification of audit based on law, timing, scope, and purpose including statutory, internal, cost, and management audits.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Classification of Audit: Types, Basis, Importance and Free Quiz\" \/>\n<meta property=\"og:description\" content=\"Audit is an important part of financial management, compliance, and corporate governance. It helps organizations examine their financial records, internal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-08T11:54:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-08T11:54:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"AditiOB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AditiOB\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"15 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/\"},\"author\":{\"name\":\"AditiOB\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/0cbc4ac8555ced346681804861de062c\"},\"headline\":\"Classification of Audit: Types, Basis, Importance and Free Quiz\",\"datePublished\":\"2026-10-08T11:54:17+00:00\",\"dateModified\":\"2026-10-08T11:54:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/\"},\"wordCount\":3142,\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp\",\"keywords\":[\"Classification of Audit\",\"upsc epfo\"],\"articleSection\":[\"EPFO\",\"Government Exams\",\"UPSC EPFO\"],\"inLanguage\":\"en-US\"},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/\",\"name\":\"Classification of Audit: Types, Basis, Importance and Free Quiz\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp\",\"datePublished\":\"2026-10-08T11:54:17+00:00\",\"dateModified\":\"2026-10-08T11:54:19+00:00\",\"description\":\"Understand the classification of audit based on law, timing, scope, and purpose including statutory, internal, cost, and management audits.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457511713\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457512589\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457513297\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457514245\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457515024\"}],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#primaryimage\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp\",\"contentUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp\",\"width\":730,\"height\":480},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Government Exams\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/government-exams\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"EPFO\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/government-exams\/epfo\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"UPSC EPFO\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/government-exams\/epfo\/upsc-epfo\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"Classification of Audit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"name\":\"Oliveboard\",\"description\":\"Free Govt. Exam Alerts &amp; Resources\",\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.oliveboard.in\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\",\"name\":\"Oliveboard\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png\",\"contentUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png\",\"width\":150,\"height\":40,\"caption\":\"Oliveboard\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Oliveboard\",\"https:\/\/x.com\/Oliveboard\",\"https:\/\/www.instagram.com\/oliveboard.in\/\",\"https:\/\/www.youtube.com\/channel\/UCRvrHAyNdOMI_JBkE2pjZtw?sub_confirmation=1\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/0cbc4ac8555ced346681804861de062c\",\"name\":\"AditiOB\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d1e881725409eac0bd9260c141e2a522d2a6a86c9dfeba73e8523e493f39e045?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d1e881725409eac0bd9260c141e2a522d2a6a86c9dfeba73e8523e493f39e045?s=96&d=mm&r=g\",\"caption\":\"AditiOB\"},\"description\":\"Hi, I\u2019m Aditi. I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.\",\"sameAs\":[\"www.linkedin.com\/in\/aditi-chakraborty-131b3b379\"]},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457511713\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457511713\",\"name\":\"1. What is classification of audit?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Classification of audit means grouping audits based on their purpose, timing, scope, legal requirement, or nature of work.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457512589\",\"position\":2,\"url\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457512589\",\"name\":\"2. What are the main bases of audit classification?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main bases are statutory requirement, time of conduct, objectives or scope, organizational structure, and nature of work.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457513297\",\"position\":3,\"url\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457513297\",\"name\":\"3. What is a statutory audit?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A statutory audit is an audit required by law for specified entities.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457514245\",\"position\":4,\"url\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457514245\",\"name\":\"4. What is a non-statutory audit?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A non-statutory audit is conducted voluntarily to meet the internal requirements of an organization.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457515024\",\"position\":5,\"url\":\"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457515024\",\"name\":\"5. What is a financial audit?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A financial audit examines financial statements and related records to assess their accuracy and fairness.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Classification of Audit: Types, Basis, Importance and Free Quiz","description":"Understand the classification of audit based on law, timing, scope, and purpose including statutory, internal, cost, and management audits.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/","og_locale":"en_US","og_type":"article","og_title":"Classification of Audit: Types, Basis, Importance and Free Quiz","og_description":"Audit is an important part of financial management, compliance, and corporate governance. It helps organizations examine their financial records, internal","og_url":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/","og_site_name":"Oliveboard","article_publisher":"https:\/\/www.facebook.com\/Oliveboard","article_published_time":"2026-10-08T11:54:17+00:00","article_modified_time":"2026-10-08T11:54:19+00:00","og_image":[{"width":730,"height":480,"url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp","type":"image\/webp"}],"author":"AditiOB","twitter_card":"summary_large_image","twitter_creator":"@Oliveboard","twitter_site":"@Oliveboard","twitter_misc":{"Written by":"AditiOB","Est. reading time":"15 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#article","isPartOf":{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/"},"author":{"name":"AditiOB","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/0cbc4ac8555ced346681804861de062c"},"headline":"Classification of Audit: Types, Basis, Importance and Free Quiz","datePublished":"2026-10-08T11:54:17+00:00","dateModified":"2026-10-08T11:54:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/"},"wordCount":3142,"publisher":{"@id":"https:\/\/www.oliveboard.in\/blog\/#organization"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#primaryimage"},"thumbnailUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp","keywords":["Classification of Audit","upsc epfo"],"articleSection":["EPFO","Government Exams","UPSC EPFO"],"inLanguage":"en-US"},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/","url":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/","name":"Classification of Audit: Types, Basis, Importance and Free Quiz","isPartOf":{"@id":"https:\/\/www.oliveboard.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#primaryimage"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#primaryimage"},"thumbnailUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp","datePublished":"2026-10-08T11:54:17+00:00","dateModified":"2026-10-08T11:54:19+00:00","description":"Understand the classification of audit based on law, timing, scope, and purpose including statutory, internal, cost, and management audits.","breadcrumb":{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457511713"},{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457512589"},{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457513297"},{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457514245"},{"@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457515024"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#primaryimage","url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp","contentUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/UPSC-EPFO-1-13.webp","width":730,"height":480},{"@type":"BreadcrumbList","@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.oliveboard.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Government Exams","item":"https:\/\/www.oliveboard.in\/blog\/category\/government-exams\/"},{"@type":"ListItem","position":3,"name":"EPFO","item":"https:\/\/www.oliveboard.in\/blog\/category\/government-exams\/epfo\/"},{"@type":"ListItem","position":4,"name":"UPSC EPFO","item":"https:\/\/www.oliveboard.in\/blog\/category\/government-exams\/epfo\/upsc-epfo\/"},{"@type":"ListItem","position":5,"name":"Classification of Audit"}]},{"@type":"WebSite","@id":"https:\/\/www.oliveboard.in\/blog\/#website","url":"https:\/\/www.oliveboard.in\/blog\/","name":"Oliveboard","description":"Free Govt. Exam Alerts &amp; Resources","publisher":{"@id":"https:\/\/www.oliveboard.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.oliveboard.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.oliveboard.in\/blog\/#organization","name":"Oliveboard","url":"https:\/\/www.oliveboard.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png","contentUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png","width":150,"height":40,"caption":"Oliveboard"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Oliveboard","https:\/\/x.com\/Oliveboard","https:\/\/www.instagram.com\/oliveboard.in\/","https:\/\/www.youtube.com\/channel\/UCRvrHAyNdOMI_JBkE2pjZtw?sub_confirmation=1"]},{"@type":"Person","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/0cbc4ac8555ced346681804861de062c","name":"AditiOB","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d1e881725409eac0bd9260c141e2a522d2a6a86c9dfeba73e8523e493f39e045?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d1e881725409eac0bd9260c141e2a522d2a6a86c9dfeba73e8523e493f39e045?s=96&d=mm&r=g","caption":"AditiOB"},"description":"Hi, I\u2019m Aditi. I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.","sameAs":["www.linkedin.com\/in\/aditi-chakraborty-131b3b379"]},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457511713","position":1,"url":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457511713","name":"1. What is classification of audit?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Classification of audit means grouping audits based on their purpose, timing, scope, legal requirement, or nature of work.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457512589","position":2,"url":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457512589","name":"2. What are the main bases of audit classification?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The main bases are statutory requirement, time of conduct, objectives or scope, organizational structure, and nature of work.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457513297","position":3,"url":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457513297","name":"3. What is a statutory audit?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A statutory audit is an audit required by law for specified entities.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457514245","position":4,"url":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457514245","name":"4. What is a non-statutory audit?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A non-statutory audit is conducted voluntarily to meet the internal requirements of an organization.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457515024","position":5,"url":"https:\/\/www.oliveboard.in\/blog\/classification-of-audit-types\/#faq-question-1791457515024","name":"5. What is a financial audit?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A financial audit examines financial statements and related records to assess their accuracy and fairness.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/230930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/comments?post=230930"}],"version-history":[{"count":2,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/230930\/revisions"}],"predecessor-version":[{"id":253674,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/230930\/revisions\/253674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media\/253669"}],"wp:attachment":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media?parent=230930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/categories?post=230930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/tags?post=230930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}