Auditing of educational institutions

Audit of educational institutions comes under special category audit

• True

• False

which software is used for auditing of educational institutions

• ERP Management software

• Non ERP Softwares

Auditing of educational institutions involves how many special steps

Auditing of educational institutions means

Purpose of auditing academic institutions are

• To encourage the institutions to improve their quality in education process

• For tax saving of educational institutions

• To promote their institution’s goodwill

• To increase the academic fees

What are the steps involved in educational auditing

• Study of the trust deed or regulations.

• Examine the previous financial statements.

• Noting of provisions applicable.

• Evaluation of internal control system.

• All of the above

Educational institutions uses Accounting softwares like

• Edunext

• Auditboard

• Excel

• all of the above

Can educational institutions be under a trust

• Yes

• No

Educational institutions can hold assets and liability

• True

• False