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GeekInterview.com  >  Interview Questions  >  Accounting  >  Audit
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 Audit  |  Question 12 of 21    Print  
What the procedures or process involved in the preparation for the audit?

  
Total Answers and Comments: 1 Last Update: June 25, 2008     Asked by: GregMark 
  
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June 25, 2008 12:59:47   #1  
jite ometan Member Since: June 2008   Contribution: 4    

RE: What the procedures or process involved in the preparation for the audit?
an internal audit is an examination of a company,s work processess to determine the strength of their controls. with a view to determining compliance,highlighting/managing risks with the major aim of meeting company objectives
 
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Latest Answer : it should be based on fact,fair and on generally accepted accounting practice. It should not be based on assumptions, if any assumptions are used it should be clearly stated in the report. The report should be written in a language which is understandable ...
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Latest Answer : Internal audit is an audit which is conducted by the Internal auditors of the Company, who may or may not be an employee of the company. Internal audit assignment may also be given to outsiders as professionals, consultants etc ...
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Latest Answer : an internal audit deals with compliance testing of established policies and is carried out  in house for the firm to assist in highlighting weaknesses of controls while the external audit deals mainly with the examination of the books and financial ...

Latest Answer : There are many types of Audit such as Internal audit,Statutory audit,Management audit,Operations audit to name a few. ...
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Latest Answer : the aim of a web audit is to analyse an existing web presence in order to facilitate performance improvement creating better online technical, structural and business delivery ...

Latest Answer : an internal audit is an examination of a company,s work processess to determine the strength of their controls. with a view to determining compliance,highlighting/managing risks with the major aim of meeting company objectives ...
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View Question | Asked by : saresh

What do you mean tax audit? Which component is important for make this VAT audit? 


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