Internal audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2010
What are the area to be considered in internal audit of order to cash?
10 August 2010
When we do internal audit the main purpose is checking internal control system. Cash is very sensative area for internal audit. According to me internal controls should be very strong so that misuse of cash is not possible. For instance the person who keeps the cash should also take the permission from other senior person before making any payment in cash or expenses should be allowed by one person and payment is proceeded by another person.
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