Difference between statutory audit and internal audit
Elucidate the difference between statutory audit and internal audit?
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An internal audit is one that is conducted by the internal auditors of company. It is not compulsory for the company and the company just conducts it to keep a check on the operations of company. On the other hand statutory audit is extremely significant since it is by the external auditors and it is compulsory for all types of companies. Statutory audit is generally conducted for different reasons like tax regulatory needs it for taxation purposes.
How can scope of internal audit aid you?
Write down the importance of Internal 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
Write down the essential principles of an internal audit control system?
how long will it take and how much will u charge
Tell me that how we can calculate the internal control audit?
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
How does the internal audit vary from an external audit?
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