What is the nature external audit?

An advantage to having an external audit is the fact that the audit will not be biased. A disadvantage to external audits is the process. It can be long and invasive.

Internal audit is conducted by people from within the company. This is also known as first party audit.

External audit is conducted by an independent party. Second or third party audits are external audits.

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.

the audit committee communicate with internal audit, external audit and CFO

on behalf of the company.