Accounting & Commerce

While the best field is relative and depends on the professional's aspiration for career pursuits, 'internal audit' is one of the most popular audit fields amongst professional. The reason behind internal audit being one of the top choices is that the professional gets to learn the details about company's operation. This allows professionals to play a huge role in company's business decisions.

As per the Section 141 of India Code, a person is eligible for the appointment as an auditor of the company. Do note that the professional is eligible only if she/he is a chartered accountant provided that a firm whereof the majority of the partners practicing in India are qualified for appointment since the aforesaid can be appointed by the firm name to be the auditor of the company.

A statutory audit is required by the law. This is a legally required review of company or government's financial records. The aim of statutory audit is to make sure that financial statements are accurate and fair. Also, statutory audits ensure that regulatory standards are being followed by the organization. 

The average package offered during Sushant University BCom placements 2024 was INR 3.8 LPA.

The highest package offered during Sushant University BCom placements 2024 was INR 4.4 LPA.

The highest and average package offered during Sushant University BCom placements 2024 stood at INR 4.4 LPA and INR 3.8 LPA, respectively.

According to SOB Brochure 2024, the average package offered during Sushant University BCom placements was INR 3.8 LPA.

The MAcc programme at Georgia College is a 30-semester credit-hour programme provides you with the opportunity to satisfy the education requirements for licensure as a Certified Public accountant (CPA). It has been ranked #72 Best Degrees in Accounting by Study.com. According to the US Bureau of Labor Statistics, the median annual wage for accountants and auditors was $79,880 in May 2023. Some of the job roles and estimated salary ranges are outlined below:

Audit report is a type of financial document that summarizes the financial performance of the company. An independent author prepares an audit report which includes the unbiased review of the company's financial performance. An audit report consists of the liabilities and assets of the company. The auditor's opinion on company's finances are also included in this report. The aim of audit reports is to make sure that all companies are audited and considered under the same standards.

Internal audit refers to the independent review of the operations, processes and systems of the company. This service helps the organisation in improving their performance and thus, achieve their goals. Those who are involved in internal auditing need to ensure that the company is following laws, regulations and policies.