what is internal audit?

Answer Posted / anshul gupta

internal audit is an independent appraisal activity within
an organisation for the review of accountany,financial and
other operations as a basis for service to the management.
It is a managerial control which functions by evaluating
and measuring the efficiency and effectiveness of other
controls.

Is This Answer Correct ?    4 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How auditing is prepared?

1939


What is the mean of statutory audit?

712


What was your most rewarding accomplishment of your career and why

2935


What do you find the most challenging in Accpuntant role

1958


which type audit for your company account

1806






how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)

3093


How to do an internal audit effectively?

687


Explain the difference between internal audit and external audit?

716


what percent of wages calculate from sales of a firm (registered under manufacturing of machinery spares) sales (appr)- RS.10000000/-

1509


How to involve people in audit?

708


What is vouching?

613


Why do you want to work in audit?

778


How can i disable closing stock in trial balnce in tally?

2238


whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.

1918


1.tell me five points of check list of an audit. 2.what do you checking in statutory audit.five main points. 3.what do you checking in internal audit five main points. 4.which five major points checking according to caro.

2808