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Submitted By Guided By
Somase Vijay Dilip Prof Kopate Mam
Nature Of Internal Audit
 Part of Internal control
 Not compulsory
 Activates
 Continuous audit
 Internal check
Types
Of Audit
Internal
Audit
External
Audit
Advantages Of Audit
 Proof in court
 Helpful in assessment of wealth tax
 Actual position of business
 Frauds and errors
 Valuation of business
 Helpful in assessment of tax
 Helpful for dividend and bonus plan
 Availability of valuable suggestions
Types Of Internal Audit
 finance audit
 Management audit
 Compliance audit
 Systems audit
 Investigation audit
 Information systems audit
Purpose of internal audit
 Physical examination and verification
 Review of accounting
 Examination of management
 Examination of the economy
Thank you

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Internal audit

  • 1. Submitted By Guided By Somase Vijay Dilip Prof Kopate Mam
  • 2.
  • 3. Nature Of Internal Audit  Part of Internal control  Not compulsory  Activates  Continuous audit  Internal check
  • 5. Advantages Of Audit  Proof in court  Helpful in assessment of wealth tax  Actual position of business  Frauds and errors  Valuation of business  Helpful in assessment of tax  Helpful for dividend and bonus plan  Availability of valuable suggestions
  • 6. Types Of Internal Audit  finance audit  Management audit  Compliance audit  Systems audit  Investigation audit  Information systems audit
  • 7. Purpose of internal audit  Physical examination and verification  Review of accounting  Examination of management  Examination of the economy