ICA: Concept and Implementation of Internal Control and Audit

Abstract: Auditing is the process of examination of books, accounts and documents of an organization to review and verify trueness records. It also gives us a belief that the books of accounts are properly maintained and are used according to law. Internal Controls is a topic that has been implemented by most organisations to better separation of duties, low clerical errors, fraud, etc. The manner of conducting businesses have been changed but not substantially, CIS brings functionalities that revolutionizes the way of reducing work and the work load found in the process of auditing an organization which can have records that cannot be analysed a single personal. In this paper we have defined how we have implemented an application that justifies the points put up earlier.

Keywords: misstatements, books, accounts.