Independent of management and focused on external stakeholder requirements – such as financial accounts or risks associated with finance. The audit may include other areas that support the finance function, such as information systems, HR / Payroll.
Government audits include the same functions as a private enterprise. These include financial, compliance, internal and operational audits. The functions are the primary responsibility of two groups within the government, the Auditor General’s Office (AGO) and the Internal Audit Department. Audits are typically ongoing.