MF0013 & INTERNAL AUDIT AND CONTROL
ASSIGNMENT
DRIVE FALL 2014
PROGRAM MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3)
PGDFMN (SEM 1) SUBJECT CODE & NAME
MF0013 & INTERNAL AUDIT AND CONTROL
1 Distinguish between secretarial audit and cost audit. Write the advantages and disadvantages of continuous and periodical audit.
Difference between secretarial audit and cost audit
Advantages and disadvantages of continuous and periodical audit
Answer:-
2 Write the characteristics of internal check system. Explain the essentials of effective internal auditing.
Characteristics of internal check system
Essentials of effective internal auditing
Answer:-
3 The audit firm follows certain policies and procedures. Explain the quality control policies adopted by an audit firm.
Explanation of all the 12 points under audit firm
Answer:-
4 Explain the basic principles of governing internal control
Basic principles of governing internal control
Answer:-
5 Discuss the specific problems of Electronic Data Processing (EDP) relating to internal control.
Explanation of all problems of EDP
Answer:-
6 Explain the factors for having the effective internal control system for a bank.
Explanation of various aspects of having the effective internal control system
Answer:-