Auditing - Internal Check | 12th Auditing : Chapter 1 : Internal Check
Chapter: 12th Auditing : Chapter 1 : Internal Check
Internal Check
In a business concerns there are chances of misapporopriation and manipulation of accounts.
Introduction
In a
business concerns there are chances of misapporopriation and manipulation of
accounts. In order to overcome such irregularities and to prevent or minimise
the occurrence of errors and frauds, a checking system is designed to have a
check on the irregularities. Such a check which operates continuously as part
of the routine system is called as Internal Check. This chapter highlights the
principles of good internal check system and explains in detail the procedure
of internal check with regards to cash and trading transactions.
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12th Auditing : Chapter 1 : Internal Check