10 November 2008
The general audit guidelines apply to all the audits. Statutory audit relates to a balance sheet audit and Documentation and Assets classification is the key aspects.
Concurrent Audit has a vast scope and includes all the day to day transactions. So you require to check all the transactions regularly.
Internal audit depends at the area for which it is being carried out. It has a aim and the audit is carried out to check a particular controls or procedures.
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