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What is the difference between internal audit and statutory audit?


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More Audit Interview Questions

my friend paid Rs.6.00 Lakhs go a government office through a demand draft for a particualr permission/license. But actual fee payable by is Rs.2.00 Lakhs. Peviously submitted demand draft for Rs.6.00 Lakhs has not been adjusted into governmet account. he went to govt.office and requested to return the 6.00 Lakhs demand draft and assured that he wll pay th actual fee of 2.00 Lakhs. Can he get back the previously submitted Rs.6.00 Lakhs demand draft duly paying the actual fee of 2.00 Lakhs

1 Answers   JP Group,


whatis auditng

4 Answers   Fidelity,


what is the difference between cheque and draft

34 Answers   Bank Of America, Bank of Baroda, BoA, MBA, State Bank Of India SBI,


i am deposit cash in my bank. And i want to do sale against cash deposited into bank. but i face some problem,, like how can i handle daly basies expensies when i am doing sale against cash deposit in tally how can i manage this type of problems. any body can please tell me.

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what is statutaru audit??

2 Answers  


What are the portions to be covered in tax audit and what are the papers to be checked in tax audit by auditors?

2 Answers  


whether postpaid telephone expenses can be taken under prepaid expenses when advance payment made by a/c payee cheque for the month of march.

3 Answers   Agarwal Associates, UHG,


If a charity is required to have an audit carried out due to the level of incoming resources or expenditure, but then is below the threshold in the following years, is an audit still required?

1 Answers  


Explain the exact meaning of debit note and credit note in the case of hospital business mainly in case of billing?

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Why do you want to work in audit?

0 Answers   Ernst Young, Thomson Reuters,


when does closing stock shown in trial balance?

6 Answers   Ernst Young,


Three common types of confirmations used by auditors are (1) negative confirmations, (2) blank form positive confirmations, and (3) positive confirmations with information included. Place the confirmations in order of reliability from highest to lowest.Question 8 options: 1, 2, 3. 3, 2, 1. 2, 3, 1. 3, 1, 2.

2 Answers  


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