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What is the internal audit in the future for a CA student?.

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 preetham asked almost 3 years ago

What is the internal audit in the future for a CA student?

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2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

So, learning processes, strenghtening Controls, mitigating Risks is the scope of the Internal Audit and it will not only groom you as an Auditor but also as a Risk- based analytical thinker, and once you develop these all qualities in yourself, you are can write your own future

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 years ago

Dear friend, Internal Audit is becoming a great prospect for the CA student. Since , most of the CA Students are now heading towards industry, the benefits of being in Internal Audit department during the period of Articleship has no boundaries. In Internal Auditing, you develop a risk based approach towards your work since it is a function where you learn various Audit techniques and procedures and process for strengthening of Internal controls and mitigating Corporate Risks and this learning will definitely lead to your development in this areas and you can be a better corporate manager than those who are involved in Stat and taxation since they are dealing with laws and eventually ends up being in more into compliance and legal preface but as I mentioned earlier,Not more of laws are required to carry out the business activity but a process, a thinking process which leads to growth of the business and this can be achieved only when you understand it and apply it in your business functions and this all can be achieved once you are in internal Audit. So, learning processes, strengthening Controls, mitigating Risks is the scope of the Internal Audit and it will not only groom you as an Auditor but also as a Risk- based analytical thinker, and once you develop these all qualities in yourself, you are can write your own future.

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