Académique Documents
Professionnel Documents
Culture Documents
ON
AUDITINGOFIS TRANSPORT COMPANY WITH
REFERENCES
OF
RAJIV AND KAMAL COMPANY
Naveen Dwivedi
Asst. Professor,
OIMT Rishikesh
TABLE OF CONTENT
1. INTRODUCTION
2.COMPANY PROFILE
3.OBJECTIVE OF THE STUDY
4.RESEARCH METHODOLOGY
5.DATA ANALYSIS & INTERPRETATION
6.SUMMARY OF FINDINGS
7.CONCLUSION
INTRODUCTION
The purpose of the audit report is to provide the institution
with the findings of the audit panel in relation to the audit
criteria as well as the panels assessment of the
effectiveness of the institutions arrangements for quality.
The report consolidates the analysis of the audit portfolio
prepared by the institution, the evidence gathered at
interviews and additional documentary evidence supplied
by the institution. The report is structured according to the
audit criteria. The main focus of the audit report is to show
how the institution gives expression to its mission and
vision, and its understanding of quality in the three core
functions of teaching and learning, research and community
engagement.
COMPANY PROFILE
Name Of Company: I S Transport Co.
Head Office:
1st Floor Vyaapar Sabha
Bhawan Dehradun Road
Rishikesh
( Uttrakhand)
Telephone:
0135-2431068,2433731 (O)
9897007168,889999899
Email ID:
istransport99@gail.com
Branch Office:
Natraj Office Rishikesh
Nature Of business: Infrastructure Development
( Site
Development)
MEANING OF AUDIT
The word audit is derived from the Latin word
AUDIRE which means to hear. Initially auditor
was a person appointed by the owners to check
account whenever the suspected fraud, he was
to hear explanation given by the person
responsible for financial transactions. Emergence
of joint stock companies changed the approach
of auditing as ownership was pestered from
management. The emphasis now is clearly on
the verification of accounting date with a view
On the reliability of accounting statement.
RESEARCH METHODOLOGY
The research was conducted over a period of 45 Days based on
the financial parameter. The research methodology adopted for
the proposed study includes the following: Research Design: - In the present study descriptive research
design is adopted, As the purpose of the research is to describe
audit function , audit process in I S COMPANY.
Research area :- IS company.
Sampling Method:- Judgmental Sampling.
Sample Size :- 32
Data Type: - The present study is based on Primary &
Secondary data both.
Data Source :- The date was collected through the IS company
website , Some Books of Audit ,Magazines, Questionnaire.
Data Analysis Tools: - Data is analyzed by using MS- Word,
MS-Excel , Pie chart.
DATA ANALYSIS
Q. How will you judge internal audit activities towards improving the
performance of the organization?
Option
No of respondent
Percentage of
respondent
Good
Average
Poor
No comment
Total
8
21
2
1
32
25%
65.625%
6.25%
3.123%
100
6% 3%
Good
25%
Average
Poor
No comment
66%
23
4
respondent
71.875%
12.5%
expectations
No comment
Total
5
32
15.625%
100%
16%
Meet expectations
13%
72%
No of respondent
Percentage of
Completely confident 0
respondent
0%
Somewhat confident
31
96.875%
0%
No comment
3.125%
Total
32
100%
3%
Completely confident
Somewhat confident
Not at all confident
No comment
97%
Q. To what extent do you believe that the work of internal audit improves the
overall control of the internal organisation?
Option
No of respondent
Percentage of
Greatly improves
Somewhat
0
21
respondent
0
65.625%
improves
Does not improve
Dont know/ not
2
9
6.25%
28.125%
sure
Total
32
100%
chart 4:the work of internal audit improves the overall control of the internal organisation
22%
20%
Greatly improves
Somewhat improves
Does not improve
5%
52%
No of respondent
Percentage of
respondent
Agree
Neutral
Disagree
Total
11
14
7
32
34.375%
43.75%
21.875%
100%
22%
34%
Agree
Neutral
Disagree
44%
No of respondent
Percentage of
respondent
Agree
Neutral
Disagree
Does not respond
Total
1
25
4
2
32
3.125%
78.125%
12.5%
6.25%
100%
13%
6%3%
Agree
Neutral
Disagree
Do not respond
78%
6
17
8
1
32
21.875%
53.125%
25%
3.125%
100%
chart 7: the Internal audit department help the department to inprove the work of department
3%
19%
25%
Agree
Neutral
Disagree
not respond
53%
Q. How do you rate the quality of internal audit report issued by internal
audit department?
Option
No of respondent
Percentage of
Excellent
respondent
0%
Good
10
31.25%
Average
20
62.5%
Poor
6.25%
Very poor
0%
Total
32
100%
Excellent
31%
Good
Average
Poor
63%
Interpretation:
Very poor
Q.Do you think that the internal audit have the right
Option
No of respondent
Percentage of
reporting structure?
Agree
respondent
15.625%
Neutral
21
65.625%
Disagree
15.625%
Not respond
3.125%
Total
32
100%
4% 16%
Agree
Neutral
Disagree
Not respond
65%
Interpretation:
No of respondent
Percentage of
respondent
Agree
Neutral
Disagree
Not respond
Total
3
23
5
1
32
9.375%
71.875%
15.625%
3.125%
100%
chart :10the audit work was efficiently performed according to planning period
Agree
3% 9%
16%
Neutral
Disagree
Not respond
72%
Interpretation:
Only 9% agreed.
No of respondent
Percentage of
respondent
Neutral
Disagree
Not respond
Total
20
10
2
32
62.5%
31.25%
6.25%
100%
Netural
6%
Disagre
31%
Not respond
63%
Interpretation:
FINDINGS
From the following 90% responder says internal audit
activities towards improving the performance of the
organization I observe that internal auditing of I S
company help in improving the performance.
72% of responder says that the scope/
objectives/structure and responsibilities of the internal
audit function meets expectations I observe that
internal auditing help in meeting he expectation of the I
S Company objectives.
97% of responder are some what confident that on
the conclusion reached or recommrndations made by
the internal audit function are relying I observe that
internal auditing of I S Company fuction are relying by
there employers.
66% of responder somewhat believe that the work of
CONCLUSION
THANK YOU!