What are the similarities and differences between internal and external audits?

Auditing and Assurance Revision Questions and Answers

Similarities between internal and external audits

 Both functions require the auditors to adhere to the international standards on auditing.
 Both are carried out competent auditors
 Both are interested in evaluating and testing the effective operations of the internal control system
 Both functions give recommendations to management on ways of improving the internal control system. The external auditor achieves this through the management letter, which is addressed to management.



(Visited 213 times, 1 visits today)
Share this on:

Leave a Reply

Your email address will not be published. Required fields are marked *