What do you understand by Internal Audit ? How do the functions of an internal auditor differ from that of External Auditor ?

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Internal auditing is...

Human Resource accounting

Human resources are considered as important assets and are different from the physical assets.  Physical assets do not have feelings and emotions, whereas human assets are subjected to various types of feelings and emotions. In the same way, unlike physical assets human assets never gets depreciated. Therefore, the valuations...

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