What are the 3 types of project audits?

There are three types of project audits:

1. Financial audits: These audits assess whether the financial statements of the project are free from material misstatement and whether the project is in compliance with generally accepted accounting principles.

2. Operational audits: These audits evaluate the effectiveness and efficiency of the project’s operations.

3. compliance audits: These audits determine whether the project is in compliance with applicable laws, regulations, and contractual requirements.