A Project Report on

INTERNAL AUDIT MCOM PART - II SEMESTER III ACADEMIC YEAR 2013-14 Submitted by: MUTHULAXMI SAMIVEL ROLL NO: 22

Guided by: Prof. BHARTI SURVE

N.G. ACHARYA D.K. MARATHE COLLEGE OF ARTS, SCIENCE AND COMMERCE Chembur- 400 071.

CERTIFICATE
N.G. ACHARYA D.K. MARATHE COLLEGE OF ARTS, SCIENCE AND COMMERCE Chembur- 400 071.

(NAAC ACCREDITED)

This is to certify that Miss. MUTHULAXMI SAMIVEL of M.com - II Semester-III (20132014) have completed the project on INTERNAL AUDIT under the guidance of Prof. Bharti Surve

Signature of Guide

College Principal

Course coordinator

External Examiner

DECLARATION

I MUTHULAXMI SAMIVEL, student of N.G. Acharya And D.K.Marathe College Of Arts, Science And Commerce studying in M.COM II ( SEM-III) declare that , I have completed the project on INTERNAL AUDIT for the subject ADVANCED AUDITING for the year 20132014.

The information submitted is true and original to the best of my knowledge.

Signature of the student

Roll No: 22

ACKNOWLEDGEMENT

I would like to thank the University of Mumbai for introducing the new pattern for M.com, which gives us a platform to gain practical knowledge about the course..

I would like to extend my thanks to our principal Dr. D.M.Muley and our vice principal Mrs. Akila Maheshwari for their constant effort in conducting his course Further I would like to extend my gratitude to the course coordinator and other teachers for their support.

I would like to extend my thanks to the librarian, my family and friends for their constant support and encouragement.

Place:Date: Signature

INDEX
Sr. No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Introduction Origin and evolution Features of auditing Objectives of auditing Internal audit History and background Purpose of internal auditing Scope of internal auditing Role of auditor Types of internal audit Managing the internal audit function Internal audit and audit committee Purpose of audit report Conclusion Bibliography Particulars Page no. 1 2 4 5 6 7 8 9 10 11 18 24 25 26 27