Archive | Auditing

Efficiency and Propriety Audit | Auditing

Efficiency is the ratio of a system’s outputs to inputs, and is strictly a limiting example of an idea of productivity in that an efficient system is one in which this ratio is optimal. Two categories of efficiency should be noted: Economic efficiency, which arises when the cost of inputs is minimized for a given […]

Management Audit: Meaning and Objective | Auditing

In this article we will discuss about:- 1. Meaning of Management Audit 2. Objective of Management Audit 3. Scope 4. Weaknesses. Meaning of Management Audit: “Management audit can be defined as an objective and independent appraisal of the effectiveness of managers and the effectiveness of the corporate structure in the achievement of company objectives and […]

Propriety Audit: Concept and Requirements

After reading this article you will learn about Propriety Audit:- 1. Concept of Propriety Audit 2. Propriety Requirements and Propriety Elements of Reporting in the Indian Company Law. Concept of Propriety Audit: Propriety audit may be defined as ‘Audit concerning the decisions of the executives, with an emphasis on public interest, financial discipline, basically to […]

shopify traffic stats