Answer / sangram

The role of internal auditor is to check whether the
internal control system of the enterprise is effective and
it is in place.Whether the internal control system has any
loopholes and steps to improve internal controls.

Answer / guest

The role of internal auditor is to continuous reveiw of
financial statement and related documents.

Answer / shahpal baig

The role of internal auditor is to report to the Board of
Directors whether the policies and procedures with inherent
controls and relevant rules and regulations are being
adhered to. In addition to the this internal auditor is
also expected to add value to the processes and procedures
of the organization which shall maximize profit and
safeguard assets.

Answer / lalit

Internal Audit is the checking of internal process of the
organisation.
Role of an internal auditor is to check whether the correct
process is followed in an effective way while any official
task is performed. As we know that in an organisation many
tasks are performed by the employees and internal auditor
checks that correct process has been followed by them.
Internal Auditor also checks the internal control system of
organisation and suggest different ideas to make the
control system better.

Answer / sameer

Evaluating Emerging Technologies

Analyzing Opportunities

Examining Global Issues

Assessing Risks, Controls, Ethics, Quality, Economy, and
Efficiency

Assuring that controls in place are adequate to mitigate
the risks

Communicating information and opinions with clarity and
accuracy.

Such diversity gives internal auditors a broad perspective
on the organization

Answer / george bamfo

1. find out the extent of compliance on the established
policies and procedures and regulations based on the risks
involved therein.

2. evaluate the soundness of financial and operating
controls and their cost effectiveness by highlighting real
issues supported y the recommendations in participation with
the operating management.

3. ascertain the extent to which assets are safeguarded and
deployed gainfully

Answer / chode srinivas-avanti thai

The Auditor who is appointed to see day to day transactions
and their authenticity of the organisations.Minimisation of
losses and maximisation of Profits by detecting Errors and
Frauds.

plz guide me about study?

2 Answers  

we want to know that the rate of TDS on contractor , rent, Professional and also know that what is the minimum amount for TDS on Contractor , Professional

4 Answers  

1.How do you effectively solve Accounts problems 2. What was the most demanding / stressful situation that you have handled in your current capacity (Accountant):

2 Answers  

how to calculate differ tax?

3 Answers   Maruti Suzuki,

WHAT IS AP/AR RECONCILIATION PROCESS? WHAT YOU DO IN AP/AR RECONCILIATION?

2 Answers   Genpact, Shubham,

What is audit trail in siebel?

0 Answers   Infosys,

what are the types of audit programme?

2 Answers  

What is the mean of statutory audit?

0 Answers  

How does the internal audit differ from an external audit?

0 Answers  

my friend paid Rs.6.00 Lakhs go a government office through a demand draft for a particualr permission/license. But actual fee payable by is Rs.2.00 Lakhs. Peviously submitted demand draft for Rs.6.00 Lakhs has not been adjusted into governmet account. he went to govt.office and requested to return the 6.00 Lakhs demand draft and assured that he wll pay th actual fee of 2.00 Lakhs. Can he get back the previously submitted Rs.6.00 Lakhs demand draft duly paying the actual fee of 2.00 Lakhs

1 Answers   JP Group,

if a person is transferred to other place he has not prepared any report regarding AUDIT and someone else is joined in his place and IF AUDIT IS CONDUCTED WHO WILL BE RESPONSIBLE FOR PENDING PREPORT

2 Answers   Shriram,

what is a balance sheet

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