CIMA P3 Syllabus C. Internal controls - Systems and Compliance Audit - Notes ^{2 / 6}

tests and evaluates the internal controls within any system.

It is used to determine how well the system is functioning, what weaknesses there might be, and what reliance can be placed on existing controls.

A compliance audit:

is a form of systems audit which ensure performance conforms to a statutory, regulatory, policy or contractual requirement.