Well, if you thought that a newborn baby cannot hear, thing again!! The sense of hearing in an infant develops much before the birth of the baby. When in the womb, the baby hears his mother's heartbeats, the grumbling of her stomach and the sudden loud noises like a car blaring or a drum banging.
Some typical stages in the audit process. An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern.
DEFINITION of 'Internal Audit'. The examination, monitoring and analysis of activities related to a company's operation, including its business structure, employee behavior and information systems.n internal audit is designed to review what a company is doing in order to identify potential threats to the organization's health and profitability, and to make suggestions for mitigating the risk associated with those threats in order to minimize costs.