Answer Posted / 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.
| Is This Answer Correct ? | 16 Yes | 1 No |
Post New Answer View All Answers
Explain the basic principles of an internal audit controlsystem?
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
while calculating drawing power for the purpose of cc limit ,while deducting creditors from stock whether to consider debit balance of creditors ,in total of creditors' credit balance ?
Explain about cross functional audits?
What was your most rewarding accomplishment of your career and why
Why does a systems auditor need to use professional judgement when selecting audit procedures?
Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?
Explain different functions of internal audit?
why auditors are not true and faire statement of account
Why do you want to work in audit?
Define vouching?
What are intangible assets?
Audit strategy based
What is an internal audit?
What are the essential of internal audit?
