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what is internal audit?
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Answer / amitesh srivastava
Internal Audit is an audit that an organization carries out
on its own behalf, normally to ensure that its own internal
controls are operating satisfactorily.
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / anshul gupta
internal audit is an independent appraisal activity within
an organisation for the review of accountany,financial and
other operations as a basis for service to the management.
It is a managerial control which functions by evaluating
and measuring the efficiency and effectiveness of other
controls.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / syedwaseem
Internal Audit is an audit which an organization carries
out
on its own behalf, normally to ensure that its own internal
controls are operating satisfactorily.
eg:risk management, facilities managemeny, public sector,
buisness planning, financial management
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / ankit
Internal Audit not only encopasses checking matter relating
to pure finance, but also reviews and undertakes a critical
appraisal of the policies and procedures of the company. It
helps in maximizing organizational effectiveness.
| Is This Answer Correct ? | 1 Yes | 1 No |
In my opnion internal audit nay be the activity through
which you assess the intenal control of your system
devloped by you in order to improve your system weakness if
any.This can be performed by an chartred accountant firm or
management can set his own indepdent Team reportable to
managemnt only.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sindujaramkumar
internal audit is a type of audit which is done through out
the year by an auditor appointed by the company internally
and the auditor verify the accounts then and there.
| Is This Answer Correct ? | 5 Yes | 6 No |
Answer / lalitha
Internal Audit is conducted within the organisation to find
and detect defaults,mistakes in accounting.It can be done
at any time .
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / bhushan
internal audit is appraising the financial health of the operations of an organization. auditing made by it internal auditor
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / srisri
An audit performed by a person (or persons) employed by the firm being audited.
| Is This Answer Correct ? | 0 Yes | 2 No |
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