Accounting a career field that will always be in existence. A career is also ever evolving and changing. The career has many different types of accounting so there are bound to be a place that is perfect for you. If you enjoy dealing with numbers then the accounting career is perfect for you. You be [...]

Medical careers are a field of careers that will have job security due to the continuous demand and need of every individual everywhere. From the doctors to the nurses, to the nurse’s aides, the career reaches many lives daily. They are public servants dedicated to the health of every patient in every walk of life. [...]

Physical therapists help patients and individuals affected with conditions or injuries recover from the incidents. They help with fractures, head injuries, low-back pain, car accidents, and surgical procedures. The therapist helps the patients recover or restore the function to the affected areas of the bodies. They maintain, promote, and restore the overall fitness and health [...]

Computer Technology careers involve different divisions of the computer science field. All of the fields include analytical, problem solving, and attention to detail capabilities. This very bright career as the future is based on the life of computers for both business and private sectors.
The career options for the computer science field include computer and [...]

In simple words the term cost audit means a systematic and accurate verification of the cost accounts and records and checking of adherence to the objectives of the cost accounting.
As per ICWA London “ cost audit is the verification of the correctness of cost accounts and of the adherence to the cost accounting plan.”
In cost [...]

The basic nature of audit is checking and it holds good for both the cost audit as well as the financial audit. However following are the points of difference between these two audits:
1. Compulsory nature – Financial audit is compulsory for all the companies registered under companies act, 1956.
Cost audit is not compulsory for all the [...]

There are certain special circumstances of the edp audit which make it different form other manual audit which make it different from other manual audits. These are discussed in brief below:
• Absence of audit trail – In the computerized accounting and processing it is possible that there may not exist the proper working sequence that is [...]

Internal control is a whole system of controls financial and otherwise, established by the management for the smooth running of business; it includes internal cheek, internal audit and other forms of controls.
According to sap-6 entitled, “Study and evolution of the accounting system and related internal control may be defined as “ the plan of organization [...]

Division of work – a work job should be divided into small parts and every part of the job should be allotted to a different worker. No one person should be allowed to handle a complete job.
Work rotation – The job among the clerks should be rotated over a period of time so that no [...]

Internal Control – Internal control system is best regarded as the whole system of controls financial and otherwise made by the management in the conduct of a business entity which include internal check system, internal audit and other forms of controls.
The management lays down internal control. This system contains plan methods and procedures of work [...]