Ipcc auditing

check list involves a series of questions with 3 columns yes,no and not applicable which a member of auditing staff fills up by inquiring departmental managers and questionnaire is just like a check list with reasons

Check list refers to the points which you are requried to look into to verify if the IC is operating or not.  For e.g the checklist may contain the itmes to be checked such as FA, cash, inventories,investments etc..

An  IC Questionnaire contains  a series of questions with Yes, No & N/A.  The answers in the affirmative as per the quest is marked as Yes, if a particular step is not being performed then it shud be marked as No & if the step is N/S to the process then it shud be marked as N/A.

Checklist is basically for audit staff.

Eg: Whether cash balance checked or not etc.

Questionnaire is for clients staff.