Internal and external audit
This query is : Resolved
21 September 2017
Dear Sir
Could you tell me
What is internal and external Audit
Could you tell me
What is internal and external Audit
21 September 2017
As per me there is no concept of external audit.
Internal Audit refer to audit which is done regularly i.e monthly/weekly audit, or internal audit to audit of day to day record/working of audit. Normally internal audit report is not submitted to any statutory audit but it is used by the management for decision making.
Internal Audit refer to audit which is done regularly i.e monthly/weekly audit, or internal audit to audit of day to day record/working of audit. Normally internal audit report is not submitted to any statutory audit but it is used by the management for decision making.
Message likes :
1 times
21 September 2017
In normal sense external auditor are also called statutory auditor eg. Tax Audit, Companies Audit etc
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- TDR receipts for agreement holder
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Company Incorporation - CA and directors signing from different states
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
