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  • INTERVIEW QUESTIONS AUDIT DETAILS
    Question :
    What are the importance of internal audit to the organization?
    Category Audit Interview Questions
    Rating (0.4) By 2395 users
    Added on 7/22/2010
    Views 1565
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    Answers:

    An audit helps keep track of where the money is going and makes sure the money is going where it is supposed to and not in someone's pocket. An audit can also help a company know if it is losing or making more money.



    Internal Audit helps organization to review the effectiveness of processes and related international standards, provides scope of improvement, demonstrates top management commitment, provides information for management review meetings and helps improving customer satisfaction and confidence.



    Posted by: Virender Singh    

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    Internal Audit is a correction process by which the directors knows whether with this current liabilites and net loss or profit , what direction the company can take and plan the budget accordingly for the next year



    Posted by: subex2010    

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    An audit helps keep track of where the money is going and makes sure the money is going where it is supposed to and not in someone's pocket. An audit can also help a company know if it is losing or making more money.
    Internal Audit helps organization to review the effectiveness of processes and related international standards, provides scope of improvement, demonstrates top management commitment, provides information for management review meetings and helps improving customer satisfaction and confidence.



    Posted by: Zeba Mulla    

    Contact Zeba Mulla Contact Zeba Mulla

    n audit helps keep track of where the money is going and makes sure the money is going where it is supposed to and not in someone's pocket. An audit can also help a company know if it is losing or making more money.

    Internal Audit helps organization to review the effectiveness of processes and related international standards, provides scope of improvement, demonstrates top management commitment, provides information for management review meetings and helps improving customer satisfaction and confidence.



    Posted by: bhagathunic    

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    Internal Audit helps Organizations to review the effectiveness of their internal controls.This will go a long way to ensure that the organizations assets are protected and the business is moving in the desired direction



    Posted by: SUNCHE MARCEL AKOR    

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    Internal audit helps organisation to findout the effectiveness of internal controls with in the organisation.



    Posted by: kathirvel    

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    Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The Internal Auditing profession evolved steadily with the progress of management science after World War II.



    Posted by: sijish madhavan    

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    Internal Audit is risk assessment process, it help assessment of risk in he org. at earlier stage and metigate those risk at initial level.



    Posted by: CA Deepti Tandon    

    Contact  CA Deepti Tandon Contact CA Deepti Tandon

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