difference
This query is : Resolved
10 July 2010
DIFFERENCE B/W INTERNAL AUDIT,INTERNAL CHECK?
10 July 2010
DIFFERENCE BETWEEN INTERNAL AUDIT AND INTERNAL CHECK----------
Internal audit means continuous audit by the employees. Internal check means the separation of tasks and divisions of duties. Internal audit is concerned with examination of records after their completion. Internal check is a part of accounting system. Internal audit may not be conducted for the whole year. Internal check is applicable throughout the year.
Internal audit is concerned with detection of errors.
Internal check is concerned with prevention of errors. Internal audit is concerned with detection of frauds. Internal check is concerned with prevention of frauds. There is special staff to conduct internal audit. There is no special staff to apply internal check. The work of accounting staff is checked after they have recorded transactions. The work of one person is checked by another at the time of recording transactions.
The internal auditor may investigate about the business activities. The internal check is not related to any investigation. Reporting is the function of internal audit. The auditor can find out the weakness of various functions. The report is submitted to the management. There is a need to go through the report. The weakness and proposals can be examined in detail. The report is submitted to the management by audit staff. The report is not submitted to the management by any person.
Internal audit means continuous audit by the employees. Internal check means the separation of tasks and divisions of duties. Internal audit is concerned with examination of records after their completion. Internal check is a part of accounting system. Internal audit may not be conducted for the whole year. Internal check is applicable throughout the year.
Internal audit is concerned with detection of errors.
Internal check is concerned with prevention of errors. Internal audit is concerned with detection of frauds. Internal check is concerned with prevention of frauds. There is special staff to conduct internal audit. There is no special staff to apply internal check. The work of accounting staff is checked after they have recorded transactions. The work of one person is checked by another at the time of recording transactions.
The internal auditor may investigate about the business activities. The internal check is not related to any investigation. Reporting is the function of internal audit. The auditor can find out the weakness of various functions. The report is submitted to the management. There is a need to go through the report. The weakness and proposals can be examined in detail. The report is submitted to the management by audit staff. The report is not submitted to the management by any person.
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