RE: How Does An Internal Audit Differ From An External Audit?
How Does An Internal Audit Differ From An External Audit?
In general, internal audit is not mandatory or legally required for organizations. Instead, their installment is left up to individual organizations’ discretion. Recent legislation, however, has made internal auditing mandatory in some cases. Internal audit is done by internal staff.
An external audit is legally required for many companies, External audit is conducted by persons independent of organisation.
