11-17-2004, 06:33 AM
I am completing my articles in one of the best c.a firm in Pakistan and engage in internal audit from last 8 months and i think it's really a great experience for a person who is going to be a c.a in future. As in external audit u are just concerned with the figures and other assertions but u forget other important areas of business, but internal audit gives u a comprehensive knowledge of the client's business and u really understand the business and it's functions and especially u evaluate internal control systems and this gives a more knowledge than external. I have conducted internal audits of very large organisations and after this i feel if i have been on external audit of these clients then i may have forgotten other aspects of the business if i was on external audit.
any comments?
any comments?