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Internal Audit

The document discusses various aspects of internal auditing such as the roles and responsibilities of internal auditors, how internal controls relate to internal auditing, how to perform internal audits including balance sheets and profit and loss statements, how internal auditing differs from statutory auditing, and testing procedures such as vendor receipts. It also raises a question about a company that exceeded its budget for manufacturing 20 items but received 40 from a vendor, with the extra 20 items posing a risk about where they went.

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shubham agarwal
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42 views1 page

Internal Audit

The document discusses various aspects of internal auditing such as the roles and responsibilities of internal auditors, how internal controls relate to internal auditing, how to perform internal audits including balance sheets and profit and loss statements, how internal auditing differs from statutory auditing, and testing procedures such as vendor receipts. It also raises a question about a company that exceeded its budget for manufacturing 20 items but received 40 from a vendor, with the extra 20 items posing a risk about where they went.

Uploaded by

shubham agarwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Internal audit

Wht people do in intrnl audit

Internal control hote h related to intrnl audit

How do u perform intrnl audit

Blansheet , pnl

How intrnl audit is diffrnt from statury audit

Testing hoti h p n l , vendor ki receipt honi chahiye – yh internal resource hote hai

Co hai budget exceed kr rha h vo manufacture kr rhe the 20 item ko lekin vendor se 40 man va rhe h jo 20 extra h vo kaha jare h
. risk ara h vo 20 kha jara h

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