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