Answer:
Distinction between Internal Check and internal audit
| SN | Internal Check | SN | Internal Audit |
| 1 | Internal check is not a specific check, but the duties of different persons are so arranged that a person‟s work is automatically checked another person while carrying out the normal
duty. |
1 | Internal audit is specifically done to check that the accounts are properly maintained and the systems are in control. |
| 2 | Internal check does the preventive job
i.e. internal check is derived so that frauds and errors are prevented. |
2 | Internal audit does the detective job of identifying frauds and errors and
rectifying them. |
| 3 | It is more of process in a day to day functioning of the business. |
3 | It is specific defined job. |
| 4 | All the persons in the organization are involved to maintain the internal
check system. |
4 | Specific persons are appointed to the internal audit. |
| 5 | It is required in all organization in formal or informal. | 5 | Carrying out internal audit is not
compulsory. It is done based on management decision. |
| 6 | It does not include internal audit. | 6 | It include internal check. |
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