Business-Government-NGO-Professional revenue
What are the difference between Business versus Govt. versus NGO revenue versus Professional revenue?
Expert
Business versus Govt. versus NGO revenue versus Professional revenue:
Business revenue signifies net sale by business organization and as well included other incomes such as dividend, interest and rent.
Government revenue signifies all revenue such as income tax, excise duty and other tax that is collected by Government from public and in revenue this, we too comprise all other revenue of Government departments.
NGO revenue is the income from donation and subscription fees through donors.
Professional revenue is the income for giving professional services.
Write down the importance of measuring an internal audit department?
In audit how to involve people?
Elucidate the differentiation between External Audit and 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
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
The length of the writing / reportmust not exceed 1000 words. Words in Bibliography or Reference Lists section are not included in the word count. 3 marks will be given for the contents (sources and understanding of industry and able to link audit objectives with findings); 1 mark will be given ba
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 main Objectives of Internal Audit?
Distinguish between Operating versus Non-Operating Revenue?
18,76,764
1945748 Asked
3,689
Active Tutors
1440486
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!