Internal auditor
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
THROUGH STATUTORY AUDIT EFFICIENCY AND EFFECTIVENESS OF MGT. NOT INCREASE
Querist : Anonymous
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a statutory audit is an audit done to comply with regulations prescribed under laws. the main intent is to provide external parties a level of comfort on the financial statements of the company.
whereas an internal audit is a task performed to improve and control the functioning of the organization to improve efficiency, reduce risks and costs etc etc.
to answer how a stat audit doesnt improve your efficiency, take an example. does your driving improves because you have a license? no, it improves with practice...license is just a statutory requirement!
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