0
External Audit means which seeks to test the underlying transactions that form the basis of the financial statements.
Internal audit is a function that, although operating independently from other departments and reports directly to the audit committee.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is an external auditors report?
external auditors focus primarily on controls that affect financial reporting. External auditors have a responsibility to report internal control weaknesses (as well as reportable conditions about internal control)
Who audits pwc?
The internal audit of PwC is carried out by auditors of PwC itself, while an external audit will have to be carried out by external auditors. But external audits are only valid for public listed companies.
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.
Who are the auditors for Enterprise Rent-a-car?
I believe the external auditors are Ernst & Young. Keep in mind, Enterprise also has an internal audit department that does a fantastic job.
What organization certifies internal auditors?
The Institute of Internal Auditors provides a certification program for candidates who seek to be certified internal auditors (CIA).
When was Institute of Internal Auditors created?
Institute of Internal Auditors was created in 1941.
What is the mandate of internal auditors?
Internal auditors identify control problems and develop solutions for improving and strengthening internal controls. Internal auditors are concerned with the entire range of an organization's internal controls
Who maintains quality control of an accounting information system?
Quality control of AISs involves many activities, including the services of both external auditors (public accountants) and internal auditors.
What are Performance Appraisal objectives of Internal Auditors?
How make is performance appraisal of Internal Auditors
What is the difference between CIA and CPA?
CIA stands for Certified Internal Auditor while CPA stannds for Certified Publlic Accountant. CIAs tend to work as internal auditors (surprise) while CPAs tend to work as accountants and external auditors.
What are external auditors?
External auditors are certified public Accountants (CPAs) licensed by their states to provide auditing services.
What is the purpose of an internal audit?
Main purpose of internal audit is to establish internal control system as well as procedures which ensures that all departments works as per policies and procedures established by management of business as well as to help external auditors in conducting external audit.
