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.
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
Financial Audits: It is a financial audit and is the critical analysis of the business's financial records and documentations. This can be completed at any level, from local to governmental. The financial profile or financial audit of the company will
Give a brief introduction of the term Internal Audit and also write down the Role of Internal Audit?
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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
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
Audit Management: It is a systematic assessment of processes and policies of an organization's management in the administration and the utilization of resources, tactical & strategic planning, and employee and organizational enhancement.
What to do after the audit?
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