Internal & external audit

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Querist : Anonymous

Querist : Anonymous (Querist)

07 September 2012 Can anybody explain me, what is the meaning of Internal Audit & External Audit.

CA AYUSH AGRAWAL (Expert)
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07 September 2012 Internal for Management.Not Mandatory.

External for Outsiders/Legal Goverment Regulations.

CA Lokesh Pokharna (Expert)
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07 September 2012 internal audit- on management decision. qualifications not required
statutory audit- done by qualified person

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