1 Which of the following statement is true regarding the
differences between internal and external audits?
Select one: a. External audit’s scope is broader than but
includes that of the internal audit’s scope. b. External audit
function reports to board of directors, internal audit function
reports to CAE. c. External audit benefits management, internal
audit benefits the third party in the areas of governance, risk and
controls. d. External audit’s purpose is to express an opinion on
financial statements. Internal...