Distinguish between internal audit and internal check

Auditing and Assurance Revision Questions and Answers

Internal Audit is an appraisal or monitoring

Internal check is an element of the internal controls system where the activities of an individual in the organization/entity is automatically checked another. This is facilitated segregation of duties where the various activities in transaction processing are carried out independent persons. For example in the purchase of raw materials the person paying the supplier‘s invoices counter checks to ensure that the amount billed the supplier agrees with the cost of the purchase as per the authorized purchase order. This independent check is an example of internal check. On the other hand internal audit Internal audits is an appraisal or monitoring activity established management for the review of accounting and Internal Control System as a service to the entity. It examines, evaluates and reports to management on the adequacy and effectiveness of the systems.



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