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Internal audit


11 May 2012 Please explain me what do you mena by the commencement of the financial year concerned with respect to criteria of internal audit.

Kindly explain me with some examples

11 May 2012 Commencement of financial means 1st April.

11 May 2012 Coomencement of financial year means starting period from 1st April..
And end of the financial year means ending on 31st march.
it means a financial year is starts from first April and it ends on 31st march.
Example: FY 2011-12 means Period from 1st April 2011 to 31st March 2012.




11 May 2012 Comencement of financial year means starting period from 1st April..
And end of the financial year means ending on 31st march.
it means a financial year is starts from first April and it ends on 31st march.
Example: FY 2011-12 means Period from 1st April 2011 to 31st March 2012.

11 May 2012 With respect to report about internal audit system under CARO what does commencement of financial years means?. Whether it is a next year from the year of fulfilling the criteria or the year in which we are fulfilling any one of the condition



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