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Describe How does the internal audit differ from an external audit?
Ans) Internal audit nothing but the checking the product that you formed.
External audit is checking your product by your customer. Here it means you may not search mistakes in your processes but a third man who comes and check the system he might see some deviations in the system and give suggestions for the improvements of the system..
What are the engagement procedures of auditing
Checking Consolidation Papers The auditor pays particular concentration to the calculation of: a) Goodwill arising on consolidation and acquisition b) Post-acquisition a
project report on absorption of overhead and its different method
State four factors considered determining sufficiency of audit evidence
if a proxy is voted as per his judgement other than member prescribed to him... what is the action to be taken?
Statistical sampling – Advantages a) It is scientific and defensible; b) It provides a precise mathematical statement about probabilities of being correct; c) It is efficie
what difference between risk assessment procedure and substantive procedures? could you please provide some examples on each procedure?
i have assignment
what is the role of a joint auditor
Auditors use various tools to document their understanding of an entity's internal control system, including narrative descriptions, internal control questionnaires, and flowcharts
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