As per the concept.."SAP will apply whenever an independent audit is carried out"..Will it include Internal Audit as well..!!!!
payal gupta
(ca final student)
(482 Points)
Replied 15 February 2009
| Originally posted by :Sunali | ||
| " | As per the concept.."SAP will apply whenever an independent audit is carried out"..Will it include Internal Audit as well..!!!! | " |
now the name of sap is changed & become AAS & from 1st April 08 its name is SA i.e, standard on auditing & it will include internal audit as well but there is standard on internal audit (SIA ) also which are followed by internal audior separately.
bharat
(Service)
(36 Points)
Replied 27 February 2009
Will apply but to limited contest. Saperate standards are there to be followed for the internal audit.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
