Post by account_disabled on Mar 11, 2024 10:18:01 GMT
The both the public and private sectors it was necessary to define controls that touch all processes beyond financial controls. Establishing internal controls as a whole in order to realize the institutional resources in an efficient effective and economical manner in accordance with the determined strategic goals and objectives and to increase flexibility and accountability in activities has brought the importance and necessity to the fore for businesses. . Is There Any Relationship Between.
Independent Audit and Internal Audit Independent audit is defined as auditing evaluating and reporting the financial statements and other financial information of a business by applying the necessary independent audit techniques for their compliance and accuracy with financial reporting standards. The purpose of the independent audit is to express an opinion Ecuador Mobile Number List on whether the financial situation and operating results of the enterprise are presented realistically and accurately in all aspects. According to internal audit independent audit activities are among the types of audits that must be carried out compulsorily in our country for companies that meet certain criteria. While independent audit focuses more on financial statements and financial transactions and results internal audit focuses on the processes throughout the organization.
Therefore internal audit has a more comprehensive feature than independent audit activities. The point where both types of auditing meet is internal control activities. While internal audit aims to test the effectiveness of the internal control system it is a separate activity to analyze and evaluate the current status of the internal control system regarding the compliance of the information reaching the financial statements with the principle of accurate and honest picture within the independent audit process. . How Should the Within the Organization From where Internal auditors need a system that supports their independence and objectivity and provides the necessary authorities. This person should be in a position to strengthen internal audits organizational status support unlimited access to the companys resources.
Independent Audit and Internal Audit Independent audit is defined as auditing evaluating and reporting the financial statements and other financial information of a business by applying the necessary independent audit techniques for their compliance and accuracy with financial reporting standards. The purpose of the independent audit is to express an opinion Ecuador Mobile Number List on whether the financial situation and operating results of the enterprise are presented realistically and accurately in all aspects. According to internal audit independent audit activities are among the types of audits that must be carried out compulsorily in our country for companies that meet certain criteria. While independent audit focuses more on financial statements and financial transactions and results internal audit focuses on the processes throughout the organization.
Therefore internal audit has a more comprehensive feature than independent audit activities. The point where both types of auditing meet is internal control activities. While internal audit aims to test the effectiveness of the internal control system it is a separate activity to analyze and evaluate the current status of the internal control system regarding the compliance of the information reaching the financial statements with the principle of accurate and honest picture within the independent audit process. . How Should the Within the Organization From where Internal auditors need a system that supports their independence and objectivity and provides the necessary authorities. This person should be in a position to strengthen internal audits organizational status support unlimited access to the companys resources.