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An internal auditor is one who is on staff at a company or business. The auditor checks to make sure all monies are accounted for, that the company's books balance and that there are internal controls on spending. An external auditor is one that is not a company employee and usually is an accountant from an outside accounting firm that does almost the same job as internal auditors. The main difference is that as an outside company, it can be more objective on its findings.
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What does an auditor do if there is a material difference between an expected and actual balance?
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
Difference between internal and external audit?
An internal audit is done by the company itself. An external audit is done by auditors not under the influence of the company being audited.
What is the difference between an internal tax and an external tax?
An internal tax is a tax that is put on goods that are within the colony or nation. External tax is a tax on goods that are being shipped either in or out of the colony or nation.
What is the difference between an accountant and an auditor?
Basically, an accountant makes and keeps records and an auditor checks those records for accuracy.
Difference between external users and internal users of accounting information?
External Users of accounting information are NOT directly involved in running the organization. Internal Users of accounting information are those individuals directly involved in managing and operating the organization.
What is Difference between internal and external indicators?
what is the difference between the external & internal indicator
What is the difference between external and internal communications?
What is the difference between external and internal communications
What is the difference between external and internal indicator?
what is the difference between the external & internal indicator
What is the difference between external and internal stimuli?
internal is in and external is out
What is the difference between internal and external reproduction?
its internal and then its external. DEERRR
What is the db internal and external frontier?
difference between external and internal frontier
Difference between internal dtd and extrenal dtd?
difference between internal and external dtd
What is the difference between internal and external customer in hospitality industry?
What is internal and external customer?
What is the difference between internal and external validity?
The difference between internal and external validity is in their nature. Internal validity indicates if a study depicts relation between two variables. External validity on the other hand generalizes the study of the variables.
Difference between internal and external stock holders?
internal holder is within while the external is outside
Difference between internal and external interrupt?
internal interrupt is synchronous with the program while external interrupts are asynchronous.
What is difference between 89s52 and 8051?
internal and external memory
