Auditors are experts specializing in data analysis. A skilled auditor will need to be able to:
Because auditing is a specialized job, an associate’s degree will not be enough for most companies. A bachelor’s or master’s degree will be required for most entry-level jobs, and an auditor will often need to acquire a CPA certification if they wish to work as an external auditor.
4) Mention what is meant by decommission liability?De-commission liability is costs that a company expects to levied in the future when the plant is shut-down.
7) Mention what all things have to be taken care for checks and vouchers in internal audit?Internal audit Checks and Vouchers
9) Explain what is the meaning of plan drawn up in internal audit?Plan drawn up is the assessment of the risk that is mutually agreed between the internal audit, senior management and audit committee determines the frequency with which particular audits take place.
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8) Explain how you should conduct an internal audit?To conduct an internal audit you should
An auditor’s responsibilities may include:
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