What are the benefits of internal audits, Auditing

An audit helps stay track of where the currency or money is going and makes sure the money is going anywhere it is believed to and not in someone''s pocket. An audit may also help a company recognize if it is losing or creation more money.
Internal Audit usually helps company to review the effectiveness of processes and related global or international standards, provides scope of development, demonstrates high class or top management commitment provides information for management review meetings and helps improving customer satisfaction & confidence.
Posted Date: 7/28/2012 4:37:23 AM | Location : United States







Related Discussions:- What are the benefits of internal audits, Assignment Help, Ask Question on What are the benefits of internal audits, Get Answer, Expert's Help, What are the benefits of internal audits Discussions

Write discussion on What are the benefits of internal audits
Your posts are moderated
Related Questions
Transferee Liability - A person may be held LIABLE for another taxpayer's delinquent taxes if: 1. The transferee received assets of the transferor-taxpayer; and 2. The transf

Valuation and Income - Verification Procedures Valuation Valuation of listed securities is easily conformed along with suitable financial publications. Directors' valua

Analyse the ratios in conjunction with the additional information and identify from your analysis, implications for the audit and any particular audit steps that need to be underta

Specialized Audit Situations Companies carry on thousands of different types of trade, business or professional activities.  It is not possible in a manual on general auditing

The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2011. Specifically, the audit firm is now focusing on the audit of revenue from

The Department of Higher Education (DoHE) in the Ministry of Education awarded a contract for support of 60 computers to My IT Co. Ltd. and the contract conditions required the del

Problem: "If the auditor wishes to place reliance on internal control,he should ascertain and evaluate those controls and perform compliance tests on their operation" (a) De

Business Risk Approach This approach requires the auditor to determine what are the very important business risks which the client faces. This line of approach both helps the c

types of EDP accounting system and impact of EDP accounting controls

Concept of Audit Evidence The auditing is an evidence gathering exercise.  It is an exercise continued out to confirm the assertions made through the management in carrying ou