Internal Audit is done by?

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4 Jan 2021 3:20 AM study24x7

Internal Audit is done by?

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Who has become the first cricketer to reach 1000 runs, 100 wickets in T20Is?
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BSF Limited is engaged in the business of trading leather goods. You are the internal auditor of the company for the year 2017-18. In order to review internal controls of the sales department of the company you visited the department and noticed the work division as follows: 1) An officer was handling the sales ledger and cash receipts. 2) Another official was handling dispatch of goods and issuance of Delivery challans. 3) One more officer was there to handle customer/ debtor accounts and issue of receipts. As an internal auditor do you think that there was proper division of work? If not, why?
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Q. A conical vessel whose internal radius is 12 cm and height 50 cm is full of liquid. The contents are emptied into a cylindrical vessel with radius (internal) 10 cm. The height to which the liquid rises in the cylindrical vessel is:
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A conical vessel whose internal radius is 12 cm and height 50 cm is full of liquid. The contents are emptied into a cylindrical vessel with radius (internal) 10 cm. The height to which the liquid rises in the cylindrical vessel is:
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A conical vessel whose internal radius is 12 cm and height 50 cm is full of liquid. The contents are emptied into a cylindrical vessel with radius (internal) 10 cm. The height to which the liquid rises in the cylindrical vessel is:
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A conical vessel whose internal radius is 12 cm and height 50 cm is full of liquid. The contents are emptied into a cylindrical vessel with radius (internal) 10 cm. The height to which the liquid rises in the cylindrical vessel is:
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Mr. Vijay Kapoor, Chartered Accountant, has been appointed the statutory auditor by M/s. XYZ Private Limited for the audit of their financial statements for the year 2015-16. The company has mentioned in the audit terms that they will not be able to provide internal audit reports to Mr. Vijay during the course of audit. Advise, whether Mr. Vijay should accept the proposed audit engagement and on what grounds he can accept/ refuse the proposal? i) As per SA 210 the auditor can refuse to accept the audit engagement as the management is not giving access to internal audit reports which are necessary in determining the internal controls in the company. ii) There is no limitation on the scope of the auditor’s work, so the auditor should accept the appointment. iii) The auditor can accept the audit engagement if the management gives representation on its responsibility. Which of the following option is correct:
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Which one is not an element of the internal environment?
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Which one of the following branches of accounting primarily deals with processing and presenting of accounting data for internal use?
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Internal forces …….
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