whatisthe internal audit? and exteranal audit?

Answers were Sorted based on User's Feedback

whatisthe internal audit? and exteranal audit?..

Answer / vasu

Internal Audit is the audit which organization's own
department which name can be Audit department do to check
the function of finance department and as well other
departments. Aduit department checks the Accounts of the
organization and estimates the year budget.
External Audit is the audit the organization calls other
Audit organizations to check their records.

Is This Answer Correct ?    12 Yes 4 No

whatisthe internal audit? and exteranal audit?..

Answer / vaidyanath ramdasi

internal audit is checking of companies accounts relatd to
company by internal auditors of th same company conducted
quarterly wise and External audit is audit conducted by out
sourced audit specialised team to know the financial status
of the concened company

Is This Answer Correct ?    6 Yes 0 No

whatisthe internal audit? and exteranal audit?..

Answer / essam mohsen taea

internal audit:checking and control of company accounts by
its own auditors to determine the accuracy of accounts.
external audit:checking and control of company accounts by
out souced auditors to determine the the accuracy of
accounts and preparing financial satatments according to

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions


2 Answers  

Expand ________BCSB

1 Answers  

Expand ------FCC

3 Answers  


1 Answers  

What is the difference between International Accounting Standars & International Financial Reporting Standards?

1 Answers  

Breif Explaination about accounts & Finance

2 Answers  

what is the usage of Acounting standard?, what is deferred tax?, what is operating Expenses and incomes?, what is the difference between subsidary and holding company? and what is right share and right issue?

1 Answers  

Dear Friends i want to know full details about TDS and VAT. So please guide me a website which having the details of TDS,VAT.

1 Answers   TCS,

I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim

0 Answers  

what is journal entry to make- provision for liablities and provision for assets

2 Answers  

how to entry of hra

0 Answers   Raj Construction,

i want know how to calculate it in payroll please mail me the percentages using there ?

0 Answers