Internal auditor Internal auditors play a vital role in ensuring the integrity, efficiency, and effectiveness of an organization’s operations. While many people are familiar with external audits, internal auditing is equally crucial in maintaining the financial health, operational efficiency, and regulatory compliance of a company. This blog will explore what internal auditors do, their responsibilities,… Read More »
Audit Planning Audit planning: It is the process of designing and developing a strategy or roadmap for conducting an audit. It involves defining the scope and objectives of the audit, identifying potential areas of risk or concern, determining the resources need to carry out the audit, and creating a timeline for completing the audit.… Read More »
Basic accounting terminologies 1.Assets: Resources owned by a business that has monetary value and are expected to provide future benefits. 2.Liabilities: Obligations of a business to pay debts or other financial obligations. 3.Equity: Equity refers to the ownership interest in a company or property, representing the residual value after all liabilities have been paid… Read More »
