B Com Exam > B Com Videos > Auditing and Secretarial Practice > Audit & Auditor - Company Auditor, Auditing and Secretarial Practice
Audit & Auditor - Company Auditor, Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
|
55 videos|53 docs|24 tests
|
FAQs on Audit & Auditor - Company Auditor, Auditing and Secretarial Practice Video Lecture - Auditing and Secretarial Practice - B Com
| 1. What is the role of a company auditor? |  |
Ans. A company auditor is responsible for conducting an independent examination of a company's financial records and statements to ensure accuracy, reliability, and compliance with laws and regulations. They assess the company's internal controls, identify any potential fraud or mismanagement, and provide an unbiased opinion on the financial health of the organization.
| 2. What is the significance of auditing in a company? | |
Ans. Auditing plays a crucial role in a company as it helps to enhance the credibility and reliability of financial information provided to stakeholders. It ensures that the company's financial statements are prepared in accordance with accounting standards and accurately reflect the financial position and performance of the organization. Auditing also helps to identify and mitigate risks, improve internal controls, and enhance overall corporate governance.
| 3. What is the process of auditing? | |
Ans. The auditing process involves several steps. Firstly, the auditor plans and prepares for the audit by understanding the company's business and its internal controls. Then, they conduct fieldwork, which includes gathering evidence, testing transactions, and assessing the company's financial records. After completing the fieldwork, the auditor analyzes the findings, identifies any areas of concern, and prepares an audit report. Finally, the auditor communicates the results to management and stakeholders.
| 4. What are the qualifications required to become an auditor? | |
Ans. The qualifications required to become an auditor may vary depending on the jurisdiction and the type of audit being performed. In general, auditors are expected to have a strong background in accounting or finance. They may need to obtain professional certifications such as Certified Public Accountant (CPA) or Chartered Accountant (CA) qualifications. Additionally, auditors should possess analytical skills, attention to detail, ethical conduct, and a good understanding of auditing standards and practices.
| 5. What is the difference between internal and external auditors? | |
Ans. Internal auditors are employees of the company and are responsible for assessing the internal controls, risk management, and operational processes within the organization. They provide independent and objective evaluations to management and help improve the effectiveness and efficiency of operations.
On the other hand, external auditors are independent professionals or firms hired by the company to conduct an audit. They provide an unbiased opinion on the company's financial statements and ensure compliance with accounting standards and regulations. External auditors are often required by law or regulation and their reports are made available to shareholders and other stakeholders.
Related Exams
About this Video
|
4.95/5 Rating |
|
Nov 16, 2024 Last updated |
Video Description: Audit & Auditor - Company Auditor, Auditing and Secretarial Practice for B Com 2024 is part of Auditing and Secretarial Practice preparation.
The notes and questions for Audit & Auditor - Company Auditor, Auditing and Secretarial Practice have been prepared according to the B Com exam syllabus.
Information about Audit & Auditor - Company Auditor, Auditing and Secretarial Practice covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Audit & Auditor - Company Auditor, Auditing and Secretarial Practice.
Introduction of Audit & Auditor - Company Auditor, Auditing and Secretarial Practice in English is available as part of our Auditing and Secretarial Practice for B Com & Audit & Auditor - Company Auditor, Auditing and Secretarial Practice in
Hindi for Auditing and Secretarial Practice course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Audit & Auditor - Company Auditor, Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Auditing and Secretarial Practice.
Information about Audit & Auditor - Company Auditor, Auditing and Secretarial Practice
Here you can find the meaning of Audit & Auditor - Company Auditor, Auditing and Secretarial Practice defined & explained in the simplest way possible.
Besides explaining types of Audit & Auditor - Company Auditor, Auditing and Secretarial Practice theory, EduRev gives you an ample number of questions to practice Audit & Auditor - Company Auditor, Auditing and Secretarial Practice tests,
examples and also practice B Com tests.
|
55 videos|53 docs|24 tests
|
Video Timeline
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
video lectures
,Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
,Previous Year Questions with Solutions
,Summary
,mock tests for examination
,past year papers
,Audit & Auditor - Company Auditor
,Viva Questions
,study material
,Semester Notes
,Free
,Audit & Auditor - Company Auditor
,Exam
,Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
,MCQs
,practice quizzes
,Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
,ppt
,Important questions
,Objective type Questions
,Sample Paper
,shortcuts and tricks
,Extra Questions
,Audit & Auditor - Company Auditor
;
Study Audit & Auditor - Company Auditor, Auditing and Secretarial Practice on the App
Students of B Com can study Audit & Auditor - Company Auditor, Auditing and Secretarial Practice alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Audit & Auditor - Company Auditor, Auditing and Secretarial Practice,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Audit & Auditor - Company Auditor, Auditing and Secretarial Practice is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup