Question: What is internal audit? Distinguish between internal control and internal audit? The modern concept of internal audit envisages scope of internal audit much beyond financial

What is internal audit? Distinguish between internal control and internal audit? “The modern concept of internal audit envisages scope of internal audit much beyond financial audit”—explain.

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Internal Audit An internal audit is an organizational initiative to monitor and analyze its own business operations in order to ascertain where improv... View full answer

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