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A)-Internal audit:
Internal audit means a continuous and systematic investigation of the accounting, financial and other operations of a concern by specially assigned staff in the organization .Entities are recently increasingly contracting with independent public accounting firms or other outside professionals to perform internal audit traditionally conducted by internal auditors.
A)-Internal audit:
Internal audit means a continuous and systematic investigation of the accounting, financial and other operations of a concern by specially assigned staff in the organization . Entities are recently increasingly contracting with independent public accounting firms or other outside professionals to perform internal audit traditionally conducted by internal auditors. These method are frequently referred to as “internal audit outsourcing,”
B)-External audit:
External audit is a critical investigation of the representation of the published financial statements , it is compulsory for all company’s which are listed in the stock exchange. This audit conducted by independent qualified person.
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