The internal audit differ from an external audit, Auditing

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..

 

Posted Date: 4/1/2013 6:39:38 AM | Location : United States







Related Discussions:- The internal audit differ from an external audit, Assignment Help, Ask Question on The internal audit differ from an external audit, Get Answer, Expert's Help, The internal audit differ from an external audit Discussions

Write discussion on The internal audit differ from an external audit
Your posts are moderated
Related Questions
Describe the factors which decide the broad area of Scientific activity?

The following situations may or may not breach the ethical requirements of APES 110. You need to state whether they are or are not a breach of the ethical requirements of APES110 a

Auditing appears to be a worse of time considering financial fraud cases in Zimbabwe and world over. Justify the existence of the audit profession and what to be done to improve it

Presentation and Disclosure - Audit Process Specific presentation involves presentation in accordance along with the suitable IFRS/IAS or International Accounting Standards.

Research and development Panorama Ltd manufactures and distributes a wide range of general pharmaceutical products. Selected audited data for the reporting period ended 31 Dec

a) Would King & Queen be liable to EFL? Provide specific case references to support your answer.


Identify and explain FIVE risks to independence arising in carrying out your audit

Examination of Deeds Make Sure that the mortgage is in the name shown in the advance records; That there is a document of title to the property within mortgage and that

Procedures that Auditor Adopts The auditor’s procedures will include: (1) Getting an understanding of the entity as a whole in order to see the accounting system in proper per