What are Objectives Of Internal Audit?

Ans) The purpose of internal audit is to remain proper control over business activities. When there is proper control there is maximum efficiency. The internal auditor explains the degrees of control over work. The purpose of internal audit is to calculate the accounting system. It is concerned with checking proper authority for transactions like purchase, retirement and disposal of fixed assets. The vouchers can be compared with entries in order to verify that figures are facts.

 

Posted Date: 3/30/2013 6:21:31 AM | Location : United States

Ask an Expert

Related Discussions:- Objectives of internal audit, Assignment Help, Ask Question on Objectives of internal audit, Get Answer, Expert's Help, Objectives of internal audit Discussions

Write discussion on Objectives of internal audit
Your posts are moderated

Write your message here..

Related Questions

Reliability - sources of evidence, Reliability - Sources of evidence R... Reliability - Sources of evidence Reliability of audit evidence is influenced through its nature and its source and since it is dependent upon the specific circumstances, we c

A test for unrecorded liabilities, should your test for unrecorded liabilit... should your test for unrecorded liabilities be affected by the fact that a letter is obtained in which a responsible management official certifies that to the test of his knowledge

Fairness - auditing, Fairness -  Auditing The word fair can have the ... Fairness -  Auditing The word fair can have the following meanings:  on the other hand clear, plain and distinct and on the one impartial, equitable and simple.  When fair is

Assignment, hi there hi there

Trademarks and patent, Trademarks and Patent Trademarks and then writt... Trademarks and Patent Trademarks and then written off over their useful lives and patents may be capitalized along with any renewal fees being charged to revenue. Whether a tr

What is the role of audit trainee in managing the discrete a, what is the r... what is the role of audit trainee in managing the discrete assignment?

Effevtivenss of stock verification, what factors of stoc verification what factors of stoc verification

Ias 40 investment properties, IAS 40 Investment Properties Audit work ... IAS 40 Investment Properties Audit work common to all kinds of land and building will be used to establish ownership, existence and price. IAS 40 requires such companies may a

Procurement, Consultancy services Consultancy services

Ias 27 - audit process, IAS 27 - Audit Process IAS 27 applies to the ... IAS 27 - Audit Process IAS 27 applies to the presentation and preparation of consolidated financial statements for a group of entities within the control of a parent. It as w