CA KETAN INANI (sharp & tannan(article trainee) Always Ready to help) (251 Points)
10 December 2010I WANT TO ENQUIRE WHETHER MANAGEMENT AUDIT IS BETTER OR STATUTORY AUDIT.
WHAT KIND OF WORK IS THERE IN MANAGEMENT AUDITS.
KETAN INANI
CA Pratik Dharod
(Bussiness)
(178 Points)
Replied 10 December 2010
Thare is no comparison between internal audit(management audit) and statutory audit. No one can comment which one is better. Work of management audit depends upon scope and objectives of audit. There is no specific criteria or process for management audit.
| Originally posted by : pratik dharod | ||
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Thare is no comparison between internal audit(management audit) and statutory audit. No one can comment which one is better. Work of management audit depends upon scope and objectives of audit. There is no specific criteria or process for management audit. |
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ya agreed
statutory audit is applicable when it is required under any statute to get the audit done of books of accounts as specified (by statute)
while management audit is wholly different ...
so there can not be a comparison between both the audit that any of one is better or not
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CAclubindia
