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Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
The impact of internal audit on organization?
Internal audit reveals to management whether internal control procedures are duly followed or not.
What is the purpose of an internal audit?
Main purpose of internal audit is to establish internal control system as well as procedures which ensures that all departments works as per policies and procedures established by management of business as well as to help external auditors in conducting external audit.
Who is responsible for making sure an organization's internal control system is adequate?
The board of directors and its audit committee have responsibility for making sure the internal control system within the organization is adequate
What is the job of internal auditor?
doing internal audit and help management
Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
The impact of internal audit on organization?
Internal audit reveals to management whether internal control procedures are duly followed or not.
What is the purpose of the Institute of Internal Auditors' internal audit function?
The internal audit function is to ensure that an organization meets its objectives through a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance
What is the purpose of an internal audit?
Main purpose of internal audit is to establish internal control system as well as procedures which ensures that all departments works as per policies and procedures established by management of business as well as to help external auditors in conducting external audit.
Can a audit be qualified based on internal control on financial reporting?
Can not answer this question - reword it.
What is the difference between internal audit and interim audit?
Internal audit is the name of department who performs the audit while interim audit is the audit which other than statutary audit and it is perform during the fiscal year and it is performed to help the final audit procedures which is done after the completion of fiscal year.
What is internal audit audit evidence?
internal audit evidence is all the information the auditor relies on to arrive at any conclusion.
What is the difference between audit and control?
An audit is performed by an outside party; a control is exercised by an internal party. A control provides assurance to management, while an audit provides assurance to outside investors.
Who is responsible for making sure an organization's internal control system is adequate?
The board of directors and its audit committee have responsibility for making sure the internal control system within the organization is adequate
What is the job of internal auditor?
doing internal audit and help management
What are different ways to understand internal control over Inventories?
SAME HERE
What is the work of internal audit?
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