09 December 2011
does internal audit not include audit of accounts, income tax related, co. law related issues? what is process audit? does it not include accounts, finance?
13 December 2011
Internal Audit includes every thing what happens in the company. In addition to that it will be depend upon the client and auditor who decide the scope of the internal audit.
13 December 2011
meaning it includes audit of acccounting, financial process. but I work in IA dept. which focuses on inventory, logistics audit and hardly on accounting and finance process. so from career's point of view, I fear that i will not get chance to do audit of accounts, finance, legal aspects.
And is modern auditing more of analysis and not of vouching?
CAclubindia
