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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

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

Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 65RSCQ
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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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