What type of audit is performed by members of the organization?

An internal audit is conducted by members of the organization themselves. This type of audit focuses on evaluating the internal processes and controls to ensure they are effective and compliant with relevant regulations and standards. The goal of an internal audit is to provide management with insight and assurance regarding the efficiency and effectiveness of operations, risk management, and adherence to policies and procedures.

Internal audits help organizations identify areas for improvement and ensure that they are meeting their objectives. By being conducted by employees within the organization, internal audits can offer a unique perspective on internal practices and foster an environment of accountability. They are vital for ongoing monitoring and can be scheduled regularly or conducted on an as-needed basis based on specific risks or issues that arise.

In contrast, external audits are performed by independent auditors who are not affiliated with the organization. Comprehensive and random audits refer to different approaches but do not specifically pertain to audits performed by internal staff. Comprehensive audits may cover wide-ranging aspects of operations and compliance, while random audits involve selecting items or processes without a pre-defined plan.