Accountancy, asked by dpadmaja8268, 1 year ago

Distinguish between internal audit and statutory audit

Answers

Answered by nandini5718
4
INTERNAL AUDIT:
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

STATUTORY AUDIT:
Statutory auditor is a title used in various countries to refer to a person or entity with an auditing role, whose appointment is mandated by the terms of a statute.
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