Financial Accountability: This refers to the responsibility of governments or public services organizations in managing and using resources efficiently, effectively, and ethically.
Internal Control: This is a process implemented by management designed to provide reasonable assurance regarding the achievement of objectives in effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws.
Compliance Audit: This type of audit ensures that a subject matter (could be an organization or individual) is following established guidelines, rules or standards set by higher authorities.