Explain the term vouching
Briefly explain the term vouching ?
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Vouching is the procedure of checking the substantiation of the voucher maintain by the management with the respective supporting document.
Case must be analyzed and reports run using ACL 9 desktop software (Education Edition). Screenprints of reports should be included and explained. All work must be cited.
What is the liability of Internal Audit Charter?
What is the difference between Top line revenue and Bottom line revenue.
Auditing: Auditing is the systematic procedure of objectively obtaining and estimating evidence regarding assertions concerning economic actions and actions to ascertain the degree of correspondence among those assertions and established criteria and
Write down the main Objectives of Internal Audit?
Marketing Audit: One of the most fundamental parts of marketing planning process is marketing audit. It is conducted both at the beginning of the process and also in between the series of points during the implementation of plan. Both internal and ext
Write down the essential principles of an internal audit control system?
How Does an Internal Audit vary From an External Audit?
Operational Audits: It is a review of how an organization's management and its operating events are functioning with respect to their efficacy and efficiency in meeting stated objectives. For illustration, a business might execute an operational 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
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