Broadly, Audit involves the following indepth evaluation of established systems, Methods, And controls to ensure thorough comprehension. Proposals for improvement and strengthening. Ensuring conformity with rules, Protocols, And statutes. Comprehensive assess the financial records to verify compliance with established accounting principles as well as pertinent bookkeeping standards/ifrs. Checking the validity of the expenditures booked in accounts. Reporting inefficiencies at any operational level. Detection and addressing income leakage by proposing strategies to mitigate risks recurrence. Certification of the written works of account being in alignment with the asset report and income analysis loss account. Issue of audit reports under various laws. Types of audits conductedstatutory audit of companiestax audit under section 44ab from the revenue tax act, 1961. Audit under other sections of the earnings tax act, 1961 such as 80hhc, 80, Ia, Etc. Concurrent audits. Revenue audit of banks. Branch audits of banks. Audit of pf trusts, Charitable trusts, Schools, Etc. Audit of co, Operative socities. Information system auditinternal audits.