Audit frequencies are Annually, Biennially or Triennially. I have used the following formula but I get the #UNPARSEABLE output.
=IF([Audit Frequency]@row=Biennially, "[Last Audit Date]@row+730", IF([Audit Frequency]@row=Triennially, "[Last Audit Date]@row+1095", IF([Audit Frequency]@row=Annually, "[Last Audit Date]@row+365", "N/A")))