can external audit be seen as
merely an overhead cost adding
no value to the orgnisation
- 2 Answers
- 3504 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / richa
no doubt its a overhead cost to the company, but its also
give value addition to the orrganisation when some qualified
chartered accountant give opinion that all financial
statements represent true and fair view there is no material
missatement. Stakeholder can rely on this opinion and make
investment in the company, so it give value addition.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / Vipin Chandra Pal
The external audit can be perceived as more than just a financial burden. While it does involve costs, its primary purpose is to ensure that an organization's financial statements are accurate and transparent. An external audit also provides an independent assessment of the organization's internal controls and compliance with regulations. Hence, it can add value by enhancing credibility, reducing risks, and improving operational efficiency.
| Is This Answer Correct ? | 0 Yes | 0 No |
hi i want to know the use of lookup, Hlookup and Vlookup with full example with Excel file. pls if any body have this pls help me.
Can Bonus of pre-operative period be part of pre-operative expenses ?
What is internal and statutory Audit and what are the roles of auditor.
how many types of audit?
How does the internal audit differ from an external audit?
what is auditing?
what is the difference you can make by doing your course in the country of your choice
Why should we have three Accounting Principles(personal, real & nominal) instead of one
a can do how many company audits
what is the accounting test that is giving by Deloitte before technical interview? i am done with the first interview and aptitude test and now i am asked to take accounting test. what is it?
0 Answers Construction, Deloitte,
accounting & audit system of film production enterprises
What is the role of internal audit?
Audit 
