whatisthe internal audit? and exteranal audit?

Answer Posted / vaidyanath ramdasi

internal audit is checking of companies accounts relatd to
company by internal auditors of th same company conducted
quarterly wise and External audit is audit conducted by out
sourced audit specialised team to know the financial status
of the concened company

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the importance accounting entries for AP and AR process in interview..

1170


How can we calculate the total income of the company.

1528


Is commodities transaction tax a permissible business expenditure? Explain

1730


Short Answer on ______Budget

1552


WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?

1651






Expand-------IETF

2044


Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

1484


3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?

1785


after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...

1549


HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)

3004


wages posted twice what is the entry for that?

1933


if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?

1525


Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner

1482


What elements of your job do you find most difficult

5224


what are the types of provisions that you would make for the end of a financial year?explain

1501