Frequency of audits performed by: CPAS GAO auditors IRS auditors Internal auditors Begin by identifying the three main types of audits in the table. Then select an X in the box for each item that describes the purpose and nature of each type of audit. (If an input field is not used in the table or an item does not apply, leave the input field empty. Abbreviations used: CPA = Certified Public Accountant, GAO Auditors = Government Accountability Office Auditor, IRS Auditors = Internal Revenue Service Auditors.) Operational Compliance Financial statement Three main types of audits are Purpose: To determine whether the client is following specific procedures set by a higher authority Nature: X Highly nonstandard; often subjective Highly standardized Almost always Not standardized, but specific and usually objective Frequency of audits performed by: Frequently CPAS Never GAO auditors Occasionally IRS auditors Internal auditors