Board class of security control is Managerial, the managerial control ensures that the internal controls are in working condition and if any improvement is suggested by the auditors it is also implemented.
Audit is the process of checking the accounts and controls of an organization, different audit engagements have different roles of auditor for example, security compliance audit, financial accounts audit, other information audit.
The most common of the audit is the audit of financial data of the organizations which is important for the public listed companies and also practiced by unlisted companies.
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