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What is the diffrentm between internal & external audit?
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Answer Posted / rasiya
internal audit means the checking of books of accounts on
accounts base and it includes all the minute exp.s and
incomes and controlling them inorder to avoid
inefficencies . external audit means the auditing of the
firm with particular expense account and financial
statements.internal auditing can be done by every
concerned perso in the organisation,but external auditing
can be done by the charted professionals.external audit is
doing periodically, while internal auditing is done time to
time.
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