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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Opting our of sec 44AD
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Multiple trade mark
- Transporter Declaration form
- FORM 26A APPLICABILITY
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
