Desai Haribhakti & Co Article Assistant Interview Questions and Answers

Internal audit is a systematic evaluation of an organization's operations and controls conducted by internal auditors.

• Internal audit helps organizations evaluate and improve their risk management, control, and governance processes.

• Internal auditors provide independent and objective assessments of the organization's operations.

• Internal audit can help identify areas of inefficiency, fraud, or non-compliance with regulati...read more

Depreciation is the allocation of the cost of an asset over its useful life. The two types are straight-line and accelerated depreciation.

• Depreciation is a method of allocating the cost of a tangible asset over its useful life.

• The two main types of depreciation are straight-line depreciation and accelerated depreciation.

• Straight-line depreciation evenly spreads the cost of an asset over its useful life.

• Accelerated depr...read more

Internal audit is a process where an organization evaluates and improves its own operations and controls.

• Internal audit is conducted by employees within the organization, rather than by external auditors.

• It helps to ensure compliance with laws and regulations, assess risks, and improve efficiency.

• Examples of internal audit activities include reviewing financial records, evaluating internal controls, and identifying are