What Is audit ? Explain the inventory audit

Answer Posted / srikant barick

Audit is the systematic & finalized cheking of accounts of
transaction with supporting documents of the organization

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i want question papers audit staff selection examination

1857


What should the internal auditor?

622


How does an internal audit differ from an external audit?

691


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

1528


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

1747






How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?

2018


Explain the importance of evaluating an internal audit department?

652


i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details

1066


How to do an internal audit effectively?

698


What is an internal audit?

695


What does an internal audit charter contain?

706


What is the mean of decommission liability?

706


What is mean by error of submission? can u plz provide notes on this?

2010


What is vouching?

621


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

1749