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| A Study on Perception of Internal Audit of an Entity at Plabstiblends India Ltd and Kabra Extrusiontechnic Ltd |
Parth Virendra Shah and Mrs. Arpita Vyas
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Abstract:
In the study of internal audit according to Internal Audit in which 86% employees they were agree that in organization's audit observation that are find out by the internal auditors which are clearly, fairly and timely manner during the audit as well as 90% result of the internal audit add value to the department in which audit activity are done. In the study of internal audit according to 71% employees they were agree that organizations implemented the inspections for the purchase product to meet the purchase requirements, but out of them employees disagree that units are not inspect the purchase product that how much product are require for the purchase requirement. 84% employees they were agree that both the unit's reconciled the total summery figures as per GSTR 3B with the total of the outward invoice so that on the basis unit can check the how much sales are ongoing it. 73% employees they were agree that whatever feedback are given by the employees and internal auditor according them internal audit solicit feedback adequately addresses during the audit. 80% employees they were agree that both units regularly follow the ledger wise transaction according to nature of payment, where as they are following the TDS rate and according to the rate they maintain the ledgers of customer. I used Mann-Whitney U Test and Chi-Square Test as research tool. The main finding of study suggests that in Mann- Whitney U Test on the basis of hypothesis it can be found that there is no difference between employee's opinion towards the internal audit solicit Feedback and internal audit activity possesses an experience to organization's risk in the company. The study of Mann-Whitney U Test on the basis of hypothesis there is no difference between employee's opinions towards the internal solicits feedback and internal audit findings are correctly justified. The result of Mann-Whitney U Test on the basis of hypothesis there is a difference between internal audits solicits feedback and opinion regarding allowances which are given by the company to their employee which are done according to company policies. . In chi-square test it can also be conclude in both organization most of the employees having knowledge about organizational structure and lines of authority so that here according to test there is relationship among level of education and organizational structure and lines of authority. So here it can be said that in both the unit's employees are very much concern with internal audit feedback and allowance.
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