Internal audit

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2016 What are the items we normally check in internal audit and how.

Rohit A Kadam

Rohit A Kadam (Expert)
Follow

19 August 2016 First you should determine
(1) What is the scope of the internal audit?
(2) What areas are you auditing - AR, AP, Stock, Bank etc
(3) What is the sample size you want to audit etc....

Only then you can arrive at an audit plan which should give you sufficient assurance on the internal control system of the entity being audited.