--%>
Assignment Help - homework help

Internal audit differ from an external audit

How does the internal audit vary from an external audit?

E

Expert

Verified

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.

   Related Questions in Auditing

  • Q : Business-Government-NGO-Professional

    What are the difference between Business versus Govt. versus NGO revenue versus Professional revenue?

    		•
  • Q : Flowchart find the flowchart to the

    find the flowchart to the bradmark sales order and cash

    		•
  • Q : What is Audit Management Audit

    Audit Management: It is a systematic assessment of processes and policies of an organization's management in the administration and the utilization of resources, tactical & strategic planning, and employee and organizational enhancement.

  • 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 : Company name: EMPIRE OIL & GAS NL The

    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

    		•
  • Q : Define Revenue Define Revenue in terms

    Define Revenue in terms of Accountancy in brief?

    		•
  • Q : Bradmark From the case description and

    From the case description and the associated flowcharts, assess Bradmark’s internal controls over its expenditure cycle procedures.

    		•
  • Q : Merits and demerits of internal audit

    Write down the different merits and demerits of internal audit?

    		•
  • Q : Operating versus Non-Operating Revenue

    Distinguish between Operating versus Non-Operating Revenue?

    		•
  • 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

    		•