what is internal and external auditing ?
Answer (1)
10th Oct, 2019
Hello dear,
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In simple internal auditors are working for building company reputations and external auditors work to maintain a company reputation without having any external problems of financial issues.
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hope I was relevant and cleared your question.
thank you
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- Internal auditors are independent, objective assurance and consulting activity designed to improve organisation.
- External auditors should with specific with laws and rules for financial statements of organisations.
- Internal auditors examine issues related to company business practices and Risk's.
- External auditors examine the financial records and issues/opinions regarding financial statements.
- Internal Audits are conducted throughout the year
- external Audits are conducted a single annual audit
- internal audits are company employees
- External Audits work for outside Audits
- Internal auditors are hired by company
- external Audits are hired by share holders
In simple internal auditors are working for building company reputations and external auditors work to maintain a company reputation without having any external problems of financial issues.
.
hope I was relevant and cleared your question.
thank you
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