Internal Audit VS External Audit

Posted by Hassan Askry
Internal Audit VS External Audit
while thinking talking about Internal Audit and External Audit people often intermix with each other the best way to know about them and the difference of them is the following table.
I am sure using this table you will never  misunderstand Internal Audit VS External Audit.



Internal Auditor
External Auditor
Objective
To add value
Enable to express the opinion on financial statement
Reporting to
Board of Directors + Audit Committee
Share holders
Scope
Every operation of Org.
To check financial statement
Relationship with Co.
Employee, but new concept is out sourcing
Independent from company appointed by shareholders


well this was my work about Internal Audit VS External Audit.. hope you will like this.