Contrast internal and external auditing.

What will be an ideal response?


Internal auditing is an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organization. External auditing is often called "independent auditing" because it is done by certified public accountants who are independent of the organization being audited. This independence is necessary since the external auditors represent the interests of third-party stakeholders such as shareholders, creditors, and government agencies.

PTS: 1

Computer Science & Information Technology

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What will be an ideal response?

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Answer the following statement true (T) or false (F)

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Fill in the blank(s) with the appropriate word(s).

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Fill in the blank(s) with the appropriate word(s).

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