Internal Audit & finance audit

This query is : Resolved

Share Report Follow Query Ask a Query

harshal

harshal (Querist)
Follow

20 March 2008 the morden concept of internal audit envisages scope of internal audit much beyond financial audit

harshal

harshal (Querist)
Follow

20 March 2008 differance between internal audit and internal control

Chintan Gajjar

Chintan Gajjar (Expert)
Follow

20 March 2008 Scope of Internal Audit is becoming wide day by day, financial audit does not incude some cost related areas which scope of internal audit includes and there are many such areas where financial audit is not done but they are taken ni to consideration at the time of doing internal audit.

yogesh

yogesh (Expert)
Follow

26 March 2008 internal audit is a audit of accounts or document or system (depends on scope of appointment) by a professional qualified person to check the accuracy of the same.

while internal control is a system through which an organisation keeps control on its transaction.

it means internal control is a system by which one can control its transaction while internal audit is checking of the transaction happened in organisation after internal control system. we can say in internal audit checking of the internal control system is also made.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now