How do internal auditors party?


The comic of the day is an echo of a corporate event from the previous week. In the words of Felix there is a bit of truth because it is hard to have fun when you realize that you are being observed by an internal auditor. You have to watch what you say and to whom. Such audits are more useful in other circumstances, such as when examining whether the provision for warranty costs are recognized correctly or whether the write-downs to inventories and receivables are calculated in accordance with the accounting policy.

Tags: warranty repairs provision provision for liabilities provision for inventories

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