Internal audit differ from an external audit
How does the internal audit vary from an external audit?
Expert
Internal audit nothing however the checking the product that you manufactured.
External audit is checking your product by customer.
Here it means you might not find errors in your procedures however a third man who comes and check the system he might see some variations in the system and provide suggestions for the improvements of the system.
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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
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Audit Controls: The common definition of an audit is a valuation of a person, association, system, procedure, enterprise, product or project. The word most generally refers to audits in accounting, internal auditing, and government auditing, however a
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
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
A subgroup of the board of directors composed of directors who are independent of an organization and not employed by organization. The committee acts on behalf of the full board and all stockholders to check on management actions and it has responsibility for the soundness of the
Tell me that how we can calculate the internal control audit?
What to do after the audit?
Write down the techniques which are used throughout an audit?
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