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Topic:Assurance and consultancy in internal audit ?

AnonymousPosted on 8th January,2021 05:15 PM

What is the difference between assurance and consultancy in internal audit explain with clear examples\r\n
Main Category: Audit | Sub Category: Internal Audit | Reply Count: 1 |

Vikas Kumar says Replied on 8th September,2022 03:14 PM

Audit is a procedure of closely monitoring the accounting information provided in a company's financial statements. Assurance, on the other hand, involves assessing and analyzing different operations, processes, and procedures. Examples may include financial, performance, compliance, system security, and due diligence engagements. Audits: FINANCIAL AUDITS address questions of accounting and reporting of financial transactions, including commitments, authorizations, and receipt and disbursement of funds. And I want to add some additional information that I recently hired Habibullah & Co. for audit related services as I heard that they are the best Audit Company in India, And they really are they have took control of everything in a systematic way.

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