what is internal audit?

Answer Posted / akhlaq ahmad

In my opnion internal audit nay be the activity through
which you assess the intenal control of your system
devloped by you in order to improve your system weakness if
any.This can be performed by an chartred accountant firm or
management can set his own indepdent Team reportable to
managemnt only.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How does an internal audit differ from an external audit?

683


Explain what are the different functions of internal audit?

665


what is the difference you can make by doing your course in the country of your choice

1923


what is the difference you can make by doing your course in the country of your choice

1734


What do you find the most challenging in Accpuntant role

1958






what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?

5982


What should the internal auditor?

622


Explain the importance of evaluating an internal audit department?

643


How do you feel u contributed to its effectiveness?

1728


How to do an internal audit effectively?

687


Please send me rbi previous exam paper with ans for group B at aparna_majumder@ymail.com

1909


which of the following procedure would auditor lease likely perform in planning a financial statement audit?

1740


How to reconcile GST Tally and GST Portal ?

1820


Should the duty of creating a purchase order be segregated from the duty of creating a vendor?

1739


May deduct TDS Froma reseller ?

1728