Difference Between External
Audits & and Internal Audit
by third-party auditors who are Chartered or Certified Accountants.
requirement for certain organisations.
an assessment of the accuracy and reliability of a company’s
by employees of the organisation, usually an internal auditing
- Main focus on
operations and systems, not financial records and accountancy.
requirement in a few special circumstances (Health Authorities,
Universities, National and Local Government).
is to achieve Value-For-Money through efficiency, economy, and