Internal Audit Vs External Audit Top 6 Differences With Infographics
Difference Between Internal Audit and External Audit An audit can be defined as an objective evaluation and examination of the financial statements of a companyFinancial Statements Of A CompanyFinancial statements are written reports prepared by a company’s management to present the company’s financial affairs over a given period (quarter, six monthly or yearly). These statements, which include the Balance Sheet, Income Statement, Cash Flows, and Shareholders Equity Statement, must be prepared in accordance with prescribed and standardized accounting standards to ensure uniformity in reporting at all levels....