For the following 3 reasons, I would like to work as an internal auditor:
1. I have 3 years audit experience in KPMG. It would be very helpful to build up my career in an internal audit department of an organization;
2. It seems to me that I am awarded when the management changes or places control systems on the basis of my recommendation of findings;
3. The privileged insight we have into all company's dealings, functions, teams, systems and processes. Internal Audit is like a window to the entire organisation and provides us with a unique opportunity to understand and work collaboratively with the business. Also, the multitude of people we interact with and the diversity of project we are involved in.
doing internal audit and help management
Distinguish between internal audit and internal control.
Internal audit reveals to management whether internal control procedures are duly followed or not.
An internal audit is conducted by an unbiased party within the company. An interim audit (which is an audit conducted before the end of the fiscal year) can be conducted by someone outside the company.
Internal audit is conducted by people from within the company. This is also known as first party audit. External audit is conducted by an independent party. Second or third party audits are external audits.
doing internal audit and help management
1975-1977, Internal Audit Paris
Distinguish between internal audit and internal control.
internal audit evidence is all the information the auditor relies on to arrive at any conclusion.
Internal audit reveals to management whether internal control procedures are duly followed or not.
An internal audit is conducted by an unbiased party within the company. An interim audit (which is an audit conducted before the end of the fiscal year) can be conducted by someone outside the company.
Yes pre audit is the responsibility of internal audit department as external auditors are only auditing the activities after end of fiscal year when everything is complete.
Internal audit is conducted by people from within the company. This is also known as first party audit. External audit is conducted by an independent party. Second or third party audits are external audits.
Internal audit is the name of department who performs the audit while interim audit is the audit which other than statutary audit and it is perform during the fiscal year and it is performed to help the final audit procedures which is done after the completion of fiscal year.
false
false
the audit committee communicate with internal audit, external audit and CFO on behalf of the company.