Question

Contrast and compare the role of the following: The internal auditor. The external auditor. The external forensic accounting consultant in an external audit.

Do not use a previous posted answer.

Answer 1

Contrast and compare the role of The internal auditor, The external auditor and The external forensic accounting consultant in an external audit-

Internal auditors	External auditor	Forensic accounting consultant
To uphold the professional code of ethics while examining the audit reports.	To provide independent opinion on the organization financial statements.	To investigate the matter,If there’s a case in a court concerning funds/money, for an evidence to be found.
To provide advice on matters of internal control for success of the projects .	To understand the work environment, operations and internal controls of the organization.	To examine organization’s financial statements/information to act as evidence regarding in case of fraud.
To provide advice information to workers who are responsible for faults in the organization.	To serve shareholder of the organization by providing an opinion about the soundness of the preparation of the financial reports prepared by the organization.	To assist in professional negligence claims where he is assessing and commenting on the work of other professionals.

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