Internal Control, Internal Check and Internal Audit | Auditing Notes



What is internal Control? Clearly distinguish between Internal Check, Internal Audit and Internal Control.

q60

(a) Point out the essential features of a good systems of internal control.
(b) Discuss what interest does an auditor has in internal control. (OR)

For what purpose does an independent auditor review a client’ system of Internal control.

q61

q62

(a) describes the methods required to review the internal Control.

(b) Under what circumstances auditor may decide not to rely on particular Internal control.

q63

Suggest outline of internal control procedure of “Purchases” of a large trading Concern.

q65

Suggest outline of Internal Control procedure of “Sales of a large trading concern.

q66

What are the objects of Internal Controls?

q67

q68

q69

What are the various types of “Internal Control”?

q70

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