Question

what is internal audit ? discuss its merits​

Answer 1

Answer:

sorry I didn't get your question

Answer 2

Answer:

Internal audit introduces a proper accounting system that has steps and procedures in order to maintain ease of checking and maintain financial records. This makes it easier to achieve goals and results that are desirable. Internal audit also helps the management in making decisions and keeps the management in check.

merits are:

1. The biggest advantage of Internal Audit is, as mentioned above; it helps identify errors before the external audit.

2. Internal audit introduces a proper accounting system that has steps and procedures in order to maintain ease of checking and maintain financial records. 

3: Internal audit also helps the management in making decisions and keeps the management in check. 

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