What is internal and statutory Audit and what are the roles
of auditor.

Answer Posted / srikanta

internal auditor r those who verify those matters as per
requirement of client.he checks 100%.he reports to the
management.



external auditor r those who verify those matters which r
reqd to report on true & fair view of financial
statements.he may do sample checking. he reports to the
owners of org.

Is This Answer Correct ?    9 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I WANT TO DO MY ARTICLE-SHIP FROM DELLOITS KOLKATA..PLEASE HELP??

1697


What is the purpose of meeting in audit?

704


central excise all question

2135


accounting & audit system of film production enterprises

1992


for how much loan a borrower has to submit QIS

1325






who is the auditor and his deautis

1862


What is CARO 2003? What do you mean by management audit?

978


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

1918


Explain the basic principles of an internal audit controlsystem?

668


please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

1913


What is an internal audit?

688


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


What are the importance of internal audit to the organization?

642


What do you find the most challenging in Accpuntant role

1958


what is audit & activities of auditor?

2072