--%>
Assignment Help - homework help

Importance of internal audit to the organization

Write down the importance of internal audit to the organization?

E

Expert

Verified

An audit aids keep track of where the money is going and ensures the money is going where it is supposed to and not in someone's pocket. An audit can also aid a company know if it is making or losing more money.

   Related Questions in Auditing

  • Q : Top line revenue versus Bottom line

    What is the difference between Top line revenue and Bottom line revenue.

    		•
  • Q : Liability of Internal Audit Charter

    What is the liability of Internal Audit Charter?

    		•
  • Q : What are Operational Audits Operational

    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

    		•
  • Q : Auditing around the computer Audit

      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

    		•
  • Q : Principles of an internal audit control

    Write down the essential principles of an internal audit control system?

    		•
  • Q : Functions of Internal Audit Elucidate

    Elucidate various Functions of Internal Audit?

    		•
  • Q : Difference between statutory audit and

    Elucidate the difference between statutory audit and internal audit?

    		•
  • Q : Audit A term usually referring to a

      A term usually referring to a financial audit is a set of procedures performed by accountants from a certified public accountant (CPA) firm. The procedures are designed to investigate and verify the accounting information that manage- ment puts in financial report. When the audit i

    		•
  • Q : Calculate the internal control audit

    Tell me that how we can calculate the internal control audit?

    		•
  • Q : What is an Auditing Auditing : Auditing

    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

    		•