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Define Internal audit responsibility

Answers were Sorted based on User's Feedback



Define Internal audit responsibility ..

Answer / rakesh

Throughout scrutiny of accounting entries in different
department before going for final audit

Is This Answer Correct ?    3 Yes 1 No

Define Internal audit responsibility ..

Answer / sande

Predominantly detect fraud and errors.-ensuring internal
control of the organization and advise management on the
risks that are likely to occur.

Is This Answer Correct ?    2 Yes 3 No

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More Audit Interview Questions

I have had a Accounting experience more than 20 year in General Accounting, Traveling & Tourism, and Air lines. Can I change my Job from Accountant to Auditor- Please give me right advise.

3 Answers   Accenture,


what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?

0 Answers   SatLink,


When should a company sack its auditor?

0 Answers  


Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.

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in balabce sheet under what audit fee comes

10 Answers  


What are the objectives of internal audit?

0 Answers   Ernst Young, Thomson Reuters,


Why would you be an asset to the company?

0 Answers   Ernst Young,


Can I alter Original Tax invoice(pharma) at warehouse in respect of Batch,nomuntilature,quantity,value etc.?

1 Answers  


Why did you choose our firm rather than other firms?

1 Answers   Ernst Young,


How I can evaluate the internal control audit?

0 Answers  


What are the basic principles of an internal audit controlsystem?

0 Answers  


The difference between interim audit and final audit?

4 Answers  


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