Auditing efficiency of internal check system

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Sreejith.M (Querist)
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26 September 2011 How an auditor finds that whether an internal check system of a company is reliable and efficient or not?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 September 2011 Internal check system different based on the area of operation ex: cash payment/cash receipt/bank payment & receipt/purchase/sales every area having the separate internal check methods. An auditor use to do sampling & random selection of transactions and check the same will be effective, where the problem occurs more there can be check complete checking also good

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