Category: Auditing

Auditing

Verification – Meaning of Verification, Definition of Verification, Objectives of Verification, Auditor’s  Duty Regarding  Verification

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Verification Meaning Verification means the act of assuring the correctness of value of assets and liabilities in the organization. It refers to the examination of...
Auditing

INTERNAL AUDIT – Introduction of Internal Audit, Meaning of Internal Audit, Definition of Internal Audit, Objectives of Internal Audit

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INTERNAL AUDIT Introduction Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an...
Auditing

INTERNAL CONTROL – Introduction of Internal control, Meaning of Internal control, Definition of Internal control, Objectives of Internal control

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INTERNAL CONTROL Introduction of Internal control Internal control is the overall control environment established by management of an enterprise for effective and efficient monitoring and...
Auditing

Internal Check – Objectives of Internal Check, Advantages of Internal Check, Disadvantages of Internal Check, Duties of an auditor with Regards to Internal Check System

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Objectives of Internal Check The objectives of internal check are as follows: 1. Early Detection of Errors and Frauds: The main objective of internal check...
Auditing

INTERNAL CHECK – Introduction Of Internal Check, Meaning Of Internal Check, Definition Of Internal Check, Principles (or) Features of Good Internal Check System

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INTERNAL CHECK Introduction In business concerns there are chances of misapporopriation and manipulation of accounts. In order to overcome such irregularities and to prevent or...