Auditing efficiency of internal check system
This query is : Resolved
26 September 2011
How an auditor finds that whether an internal check system of a company is reliable and efficient or not?
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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