Question: What is the difference between an internal auditor and an external auditor?

Expert Solution

Step 1: Definition of the external auditor

An outside accountant, utterly independent of the business, evaluates the controls to ensure that the financial statements are presented relatively by GAAP.

Step 2: Difference between the internal auditor and external auditor

An internal auditor is an employee of the company and works according to the company policies. On the other hand, the external auditor is an outside accountant who works independently of the business.

Answer:

An employee of the business who ensures the company’s employees are following company policies that the company meets all legal requirements, and that operations are running efficiently

Sahil Dangi answered 1 year ago

Question: What is the difference between an internal auditor and an external auditor?

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Question: What is the difference between an internal auditor and an external auditor?

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