Explain briefly statutory audit
Explain briefly statutory audit?
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It is an obligatory audit prepared by a CA. Finance Audit performs by the CA to compliance the legal requirements of monitory matters.
1. A portfolio manager uses a T-bond futures contract to hedge a bond portfolio over the next 4 months. The portfolio is worth $75 million and will have duration of 5 years in four months. The futures price is 118 and each contract is for $200,000. There are three bon
Write down the importance of Internal Audit?
A signed letter from the auditor of a company, included in the annual report, that state whether or not the finan- cial statements fairly present the results of operations and the financial position of the company. An annual audit is required by the Exchange and Securities Commissi
What to do after the audit?
Write down the main Objectives of Internal Audit?
Audit procedures that ignore the actual computer processing part of business activities. A sample of input is tested and verified through standard audit technique, and the output is checked. Auditing around the computer assumes that if the output rights, then the processing is righ
What are the difference between Business versus Govt. versus NGO revenue versus Professional revenue?
How can scope of internal audit aid you?
Write down the essential principles of an internal audit control system?
Elucidate the difference between statutory audit and internal audit?
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