Importance of internal audit to the organization

Write down the importance of internal audit to the organization?

E

Expert

Verified

An audit aids keep track of where the money is going and ensures the money is going where it is supposed to and not in someone's pocket. An audit can also aid a company know if it is making or losing more money.

   Related Questions in Auditing

  • Q : How to do an internal audit successful

    Elucidate how to do an internal audit successful?

  • Q : What are Internal Controls Internal

    Internal Controls: Internal control includes the plan of organization and all of the coordinate techniques adopted within a business to defend its assets, ensure the accuracy and consistency of its accounting data, encourage operational efficiency, an

  • Q : Auditing i juz need answer of question

    i juz need answer of question 13 14 15 16... m uploading assignment having 16 questions i have done until 12... m gona upload solution as well

  • Q : Explain Audit Controls Audit Controls :

    Audit Controls: The common definition of an audit is a valuation of a person, association, system, procedure, enterprise, product or project. The word most generally refers to audits in accounting, internal auditing, and government auditing, however a

  • Q : Scope of internal audit How can scope

    How can scope of internal audit aid you?

  • Q : Define Revenue Define Revenue in terms

    Define Revenue in terms of Accountancy in brief?

  • Q : Audit A term usually referring to a

      A term usually referring to a financial audit is a set of procedures performed by accountants from a certified public accountant (CPA) firm. The procedures are designed to investigate and verify the accounting information that manage- ment puts in financial report. When the audit i

  • Q : Introduction of the term Internal Audit

    Give a brief introduction of the term Internal Audit and also write down the Role of Internal Audit?

  • Q : In audit how to involve people In audit

    In audit how to involve people?

  • Q : What is an Auditing Auditing : Auditing

    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

©TutorsGlobe All rights reserved 2022-2023.