Internal and statutory audit
Querist : Anonymous
Like in an interview it is asked how would you audit the Legal Fees in Statutory Audit and Internal Audit?I just want to know the answer of such question i.e. the basic difference in conducting these 2 audits......
Statutory Audit to Check Whether It Against Legal Law That to Be Obliged.
Querist : Anonymous
Check in Internal Audit That - Whether Legal Fees Paid Really Need to Pay, Paid For Whom, Issue. etc.
in Stat Audit:-
Just Check Supporting are Available or Not.
Like This You Can Say.
Though The Concept is One & The Similar.
Just Thinking Will Change.
Querist : Anonymous
Just Make Confirm, May be Asset is Not in Ownership, But Taken on Rent, and Ths Rent Rent Received is Part of Subletting.
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