Distinction Between Internal Check and Internal Audit
1. Internal check is an arrangement of as duties allocated in such a way that the work of one clerk is automatically checked by another while internal audit is an independent review of operations and records undertaken by the staff specially appointed for the purpose.
2. In Internal audit, a separate salaried staff of internal auditors is entrusted with the audit work but in internal check, there is no separate staff appointed especially for this purpose.Different clerks are assigned with various tasks with which they proceed and carry on checking at the same time.
3. In Internal audit, the work of a clerk is checked by an internal auditor after the former has finished the work while in case of internal check, the work of one clerk is automatically and independently checked by another simultaneously.
4. In internal audit, errors and frauds which have already been committed can be discovered but the system of internal check is so devised that the possibilities of errors and frauds are reduced to the minimum.
