Explain briefly statutory audit
Explain briefly statutory audit?
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It is an obligatory audit prepared by a CA. Finance Audit performs by the CA to compliance the legal requirements of monitory matters.
Elucidate various Functions 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
Write down the essential principles of an internal audit control system?
What is the liability of Internal Audit Charter?
Write down the importance of internal audit to the organization?
In audit how to involve people?
Audit procedures that ignore the actual computer processing part of business activities. A sample of input is tested and verified through standard audit technique, and the output is checked. Auditing around the computer assumes that if the output rights, then the processing is righ
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
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