Home › CA Inter › auditing › Nature, Objective and Scope of Audit › An audit conducted by staff who are employees of…
An audit conducted by staff who are employees of the entity itself is known as:
Aexternal audit
Bgovernment audit
Cstatutory audit
Dinternal audit
Answer & Solution
Correct answer: D. internal audit
Internal audit is carried out by the entity's own employees.
Related questions
The auditor's opinion on the financial statements does NOT provide any assurance about theA key advantage of an independent audit is that audited financial statements are:The scope of an audit is determined by the auditor having regard to the Standards on AuditInvestigation differs from an audit mainly in that an investigation is a critical examinatA principal distinction between accounting and auditing is that accounting is constructiveThe premise on which an audit is conducted is that management acknowledges its responsibilAn assurance engagement involves at least how many separate parties?An audit that is made compulsory under a statute such as the Companies Act is a: