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DIFFERENCE BETWEEN INTERNAL CHECK AND INTERNAL AUDIT

DIFFERENCE BETWEEN INTERNAL CHECK AND INTERNAL AUDIT :

Way of checking: In internal check system work is automatically checked whereas in internal audit system work is checked specially.

Cost involvement: in internal check system checking is done when the work is being done. Mistake can be checked at an early stage in internal check system.

Thrust of system: Thrust of internal check system is to prevent the errors and whereas the thrust of internal audit system is to detect the errors and frauds.

Time of checking: In internal check system checking is done when the work is being done whereas in internal audit system work is checked after it is done. Mistakes can be checked at an early stage in internal check system.

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