Accounting

No, you cannot complete a B.Com in Accounting and Finance in one year or in a single sitting from a UGC-recognized university A typical B.Com (Accounting & Finance) course takes three years. There are some one-year degree courses through credit transfer or lateral entry for students who already possess certain qualifications but they might not be UGC-approved.

If you want to complete your CA Foundation sooner, then pursue Diploma or certificate programs in Accounting and Finance. Always check the accreditation of any single-sit degree courses, as many will not be portable to higher education or government sectors.

Institute of Cost Accountants of India (ICAI) offers Certificate Course on in Internal Audit. The course fee by ICAI for the Certificate course in Internal Audit is INR 25,000.

Companies such as Barclay Simpson, Deloitte, Apple, Muthoot Fincorp, Capgemini, PwD, Bank of England, Jaypee Hotels and Resorts, Vi, Oracle, VISA, Michael Page, etc. hire Internal Audit professionals.

Some of these colleges that offers Internal Audit course are:

Internal Audit is a lucrative and highly-rewarding career option. The salary packages of Internal Auditors are quite high and fancy. Moreover, Internal Audit is required by every organisation to ensure quality and integrity, hence, there is immense job security in this field.

 Internal Audit is the independent, objective assurance, proactive and consultative approach to evaluating a company's operations and internal controls. The External Adudit is often viewed as the check-the-box activity. The External Audit usually gives an opinion on the financial condition and risks of an organisation.

Although Chartered Accountancy and Internal Audit are both responsible for the accounting processes of an organisation, an auditor is essentially responsible for reviewing the work of the accountant as well as the rest of the business processes.

To have a career in Internal Audit field, one must hold a bachelor's or master's degree in Finance, Accounting or Business. After this, one can take the Certified Internal Audior (CIA) exam offered by Institute of Internal Auditors (IIA).

Internal Audit can be defined as the process that ensures the integrity of financial and accounting information. It is an independent, objective assurance process which is designed to improve the efficacy of an organisation's operations. In addition to ensuring the organisation's compliance of laws and regulations, internal audit also provides risk management and safeguards against frauds and potential threats.

Although, it depends on individual's personal interest which one is best field in Auditing but based on the several opinions Internal Audit is the top choices of candidates due to it's diverse roles and responsibilities, plus it also offers good pay.