Answer Posted / guest
Internal Check system is an arrangement of the duties of
members of staff in such a manner that the work performed by
one person is automatically and independently checked by the
other.
In other words, it is a system organised within the concern
itself, wherein the work of one employee is automatically
checked up by the other and the possibility of error or
fraud is reduced to minimum.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
Discuss the factors to be considered by the auditor in order to determine an audit strategy.
Explain the purpose of meeting in audit?
How does the internal audit differ from an external audit?
How to reconcile GST Tally and GST Portal ?
i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.
What is vouching?
What does an internal audit charter contain?
What is an internal audit?
What are intangible assets?
Explain tangible assets?
Whats are the importance of evaluating an internal audit department?
Define decommission liability?
Explain the basic principles of an internal audit controlsystem?
What was your most rewarding accomplishment of your career and why