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Tag: Internal controls

Internal Check in Auditing: A complete outlook!

by Finlawportal TeamPosted onJune 23, 2022July 17, 2022AuditLeave a comment on Internal Check in Auditing: A complete outlook!
Internal Check in Auditing

An internal check system can prove very valuable to any business. It is a system that helps to streamline the flow of work by proper…

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Objectives of Internal Check System and Essentials of a Good System

by Finlawportal TeamPosted onJune 12, 2022July 17, 2022AuditLeave a comment on Objectives of Internal Check System and Essentials of a Good System
Objectives of Internal Check

Objectives of Internal Check and its Essentials: Being an integral part of a company’s internal control mechanism, the internal check system has become very common…

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Difference between Internal check and Internal audit

by Finlawportal TeamPosted onFebruary 6, 2022November 3, 2022Audit1 Comment on Difference between Internal check and Internal audit

Internal check and internal audit are not the same. Although both systems are an integral part of a company’s overall internal control mechanism, they differ…

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Difference between Internal Control and Internal Check – An overview

by Finlawportal TeamPosted onJanuary 30, 2022November 3, 2022AuditLeave a comment on Difference between Internal Control and Internal Check – An overview

Some people often confuse internal checks with an internal control system. But it must be understood that they are different and internal check is a…

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Difference between Internal Audit and Internal Control

by Finlawportal TeamPosted onMay 15, 2021November 3, 2022Audit2 Comments on Difference between Internal Audit and Internal Control

In any business, control is of paramount importance as no entity can succeed with poor or no control measures. But when it comes to exercising…

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Audit plan Audit report Audit standards Case briefs Conditions & warranties Cost audit Differences Duress Internal controls Legal Intention M&A Negligence Objectives of Auditing Occupier's liability Offer and acceptance Tortious liability Undue influence

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    Vouching vs Tracing in Audit
  • Auditor Consent Letter
    Auditor Consent Letter for Appointment and its Format
  • Special Audit
    What is a Special Audit? Its Need and Types
  • Cut-off procedures in audit
    What is meant by Cut-off procedures in Audit?  
  • Interim Audit
    What is an Interim Audit? Objective | Advantages & Disadvantages
  • Lee vs Lee Air Farming
    A case summary of Lee vs Lee’s Air Farming Ltd.
  • Reliability of audit evidence
    All you need to know about the Reliability of Audit Evidence
  • Difference between AGM and EGM
    What is the Difference between AGM and EGM?
  • Scope of auditing
    An understanding of the Scope of Auditing
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