B Com Exam > B Com Videos > Auditing and Secretarial Practice > Type of Audit - Types of Company Audit, Auditing and Secretarial Practice
Type of Audit - Types of Company Audit, Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
|
55 videos|53 docs|24 tests
|
FAQs on Type of Audit - Types of Company Audit, Auditing and Secretarial Practice Video Lecture - Auditing and Secretarial Practice - B Com
| 1. What are the different types of company audits? |  |
Ans. There are several types of company audits, including financial audits, operational audits, compliance audits, and forensic audits. Financial audits examine a company's financial statements and records to ensure accuracy and compliance with accounting standards. Operational audits assess a company's operational efficiency and effectiveness. Compliance audits verify if a company is adhering to relevant laws and regulations. Forensic audits investigate financial irregularities and potential fraud.
| 2. What is auditing and secretarial practice in B Com? | |
Ans. Auditing and Secretarial Practice in B Com is a subject that focuses on the principles and practices of auditing, as well as the role of a company secretary. It covers topics such as auditing techniques, internal control systems, audit planning and procedures, secretarial practices, corporate governance, and legal compliance. The subject equips students with the knowledge and skills required for conducting audits and effectively managing secretarial responsibilities in a corporate environment.
| 3. How does a financial audit differ from an operational audit? | |
Ans. A financial audit primarily focuses on examining a company's financial statements and records to ensure accuracy and compliance with accounting standards. It assesses the fair presentation of financial information and provides assurance to stakeholders about the reliability of financial statements. On the other hand, an operational audit evaluates a company's operational efficiency, effectiveness, and internal controls. It aims to identify areas for improvement and optimize business processes, rather than solely focusing on financial aspects.
| 4. What is the purpose of a compliance audit? | |
Ans. The purpose of a compliance audit is to verify if a company is adhering to relevant laws, regulations, and industry standards. It ensures that the company is following legal requirements, ethical guidelines, and internal policies. A compliance audit helps identify any non-compliance issues, assess the effectiveness of controls, and mitigate risks associated with legal violations. It plays a crucial role in maintaining transparency, accountability, and integrity within the organization.
| 5. What is the role of a forensic audit in uncovering financial irregularities? | |
Ans. Forensic audit is a specialized type of audit that focuses on investigating financial irregularities and potential fraud within an organization. Its role is to detect, analyze, and gather evidence related to financial misconduct, such as embezzlement, money laundering, or fraudulent financial reporting. Forensic auditors employ various techniques, including data analysis, interviews, and document examination, to uncover hidden transactions, deliberate misstatements, or illicit activities. The findings from a forensic audit can be used in legal proceedings and help prevent future financial misconduct.
Related Exams
About this Video
|
1.7K Views |
|
4.88/5 Rating |
|
Dec 19, 2024 Last updated |
Video Description: Type of Audit - Types of Company Audit, Auditing and Secretarial Practice for B Com 2024 is part of Auditing and Secretarial Practice preparation.
The notes and questions for Type of Audit - Types of Company Audit, Auditing and Secretarial Practice have been prepared according to the B Com exam syllabus.
Information about Type of Audit - Types of Company Audit, 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 Type of Audit - Types of Company Audit, Auditing and Secretarial Practice.
Introduction of Type of Audit - Types of Company Audit, Auditing and Secretarial Practice in English is available as part of our Auditing and Secretarial Practice for B Com & Type of Audit - Types of Company Audit, 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 Type of Audit - Types of Company Audit, 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 Type of Audit - Types of Company Audit, Auditing and Secretarial Practice
Here you can find the meaning of Type of Audit - Types of Company Audit, Auditing and Secretarial Practice defined & explained in the simplest way possible.
Besides explaining types of Type of Audit - Types of Company Audit, Auditing and Secretarial Practice theory, EduRev gives you an ample number of questions to practice Type of Audit - Types of Company Audit, Auditing and Secretarial Practice tests,
examples and also practice B Com tests.
|
55 videos|53 docs|24 tests
|
|
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
Semester Notes
,Extra Questions
,past year papers
,shortcuts and tricks
,Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
,Free
,mock tests for examination
,Type of Audit - Types of Company Audit
,Objective type Questions
,study material
,Exam
,MCQs
,Viva Questions
,Type of Audit - Types of Company Audit
,Type of Audit - Types of Company Audit
,Important questions
,Previous Year Questions with Solutions
,Sample Paper
,Summary
,Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
,video lectures
,ppt
,Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
,practice quizzes
;
Study Type of Audit - Types of Company Audit, Auditing and Secretarial Practice on the App
Students of B Com can study Type of Audit - Types of Company Audit, Auditing and Secretarial Practice alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Type of Audit - Types of Company Audit, 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 Type of Audit - Types of Company Audit, 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