Internal Audit vary From an External Audit
How Does an Internal Audit vary From an External Audit?
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Internal audit nothing save for the checking the product which you produced.
External audit is checking your product through your customer.
Here it means you might not find errors in your processes however a third man who comes and ensure the system he might see some variations in the system and give suggestions for the enhancements of the system.
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 essential principles of an internal audit control system?
Marketing audit for banking industry will be developed based upon following features: A) It will help and support the top management in identification and management of risks. B) It will help in evaluating th
From the case description and the associated flowcharts, assess Bradmark’s internal controls over its expenditure cycle procedures.
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
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
Write down the importance of measuring an internal audit department?
Elucidate the differentiation between External Audit and Internal Audit?
Marketing audit for goods and service industry: This basic concept of marketing audit applies to both material goods and service industry. The marketing audit is a powerful tool with banking industry throughout world. Banking world to
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