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Regular internal audits of a company help the business understand its internal operations, specific product/ project financials and help prevent financial fraud or mismanagement.(Read all the importance of internal audit) In this article, we’ll look at the Internal audit plan, its...

Association of two or more people to carry out business for profit-making purpose is termed as Company. The Company got a separate legal identity in the eyes of the law but cannot perform the business activity on its own, to...

The Audit of a company will provide a comprehensive picture to the investors about the business. To properly prepare the audit reports, the auditors are required to find the relevant data. This in a nutshell is an Audit Evidence gathering...

A company’s financial statement analyzes a company’s finances over time. A country’s law requires companies to keep records of their economic activity to track their finances and prevent financial mismanagement. Financial Statement Analysis Financial statement analysis involves analysing a company’s...

A scheduled internal audit allows you to gauge the effectiveness of your business’s internal control system. An internal audit occurs once or twice every year. An internal audit helps uncover internal control weaknesses and evidence of fraud, wastage or abuse...