Internal audit aims to conduct systematic scrutiny of records. Internal audit is described as control over other controls. It means the internal audit seeks To trace out the deficiencies and sharing it with external audit team Proper examination of controls established with in organization Proper control of work by the board of directors To find appropriate deficiencies in controls but not sharing with organization
Internal audit aims to conduct systematic scrutiny of records. Internal audit is described as control over other controls. It means the internal audit seeks To trace out the deficiencies and sharing it with external audit team Proper examination of controls established with in organization Proper control of work by the board of directors To find appropriate deficiencies in controls but not sharing with organization
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Internal audit aims to conduct systematic scrutiny of records. Internal audit is described as control over other controls. It means the internal audit seeks
To trace out the deficiencies and sharing it with external audit team
Proper examination of controls established with in organization
Proper control of work by the board of directors
To find appropriate deficiencies in controls but not sharing with organization
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