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

Answer Posted / m.parushu ramulu

internal auditor is the person to check the all accounts
which was prepared by accountants in the company and he
scrutinizing all the reports. internal auditor is very
important to the company to find out fraud and mistakes
which was done by the accountants and other clerks.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What sort of image do you have?

1875


is replacement of DVD writer come under fixed assets. I think that it cannot increase earning capacity or it cannot any separate identity.please clarify me

1775


What do you know about KPMG?

4242


Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

1004


Why you want to be a auditor?

610






Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?

1520


What sort of image do you have?

1559


Explain what are the different functions of internal audit?

665


Who will audit an auditing firm?

679


What are the reasons for getting audited?

610


What is an audit process?

690


Define vouching?

627


What was your most rewarding accomplishment of your career and why

2935


what is the accounting treatment on Putoption over own shares.?

1034


Explain the importance of evaluating an internal audit department?

643