Question

What are the main differences between internal auditing and external auditing within an MNC?

What are the main differences between internal auditing and external auditing within an MNC?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Differences between Internal Auditor and External Auditors
Internal Auditors External Auditors
Internal Audit can be conducted by company employees. External Audits cannot be done by company employees.
Internal auditors are appointed by the company. External Auditors are appointed by shareholders.
Internal Auditors do not require to be CPA's. External Auditor must be a CPA.
Internal Auditors report to management. External Auditors report to shareholders.
Internal audit involves appraisal of company's policies, practices and processses. External Auditors give an opinion about the financial statements f the company.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Briefly explain the difference between Internal auditing and External auditing
Briefly explain the difference between Internal auditing and External auditing
Discuss the differences between internal and external users of information and their needs and demands on...
Discuss the differences between internal and external users of information and their needs and demands on an information system. Historically, which type of user has the firm catered to most? Requirement: DO NOT need to answer the question, only need explain why external users are catered to more than internal users.
2) Which of the following areas can external auditors rely on internal auditors' work in auditing...
2) Which of the following areas can external auditors rely on internal auditors' work in auditing internal controls? Multiple Choice A) Evaluation of the auditing environment. B) All testing of the operating effectiveness of internal control activities. C) As providing the principle evidence for the external auditors' opinion. D) Testing of low risk internal control activities.
a) Describe the main differences between platelets and other mammalian cells. b) What changes occur within...
a) Describe the main differences between platelets and other mammalian cells. b) What changes occur within a platelet when it is activated? Describe a micrograph that shows activated platelets?
What is the difference between internal and external audits?
What is the difference between internal and external audits?
SWOT analysis for a healthy local candy shop with external and internal strengths, external and internal...
SWOT analysis for a healthy local candy shop with external and internal strengths, external and internal weaknesses, external and internal opportunities and external and internal threats. Strengths; from within (internal) and from without (external). weaknesses, opportunities and threats can stem from within or can be precipitated by externalities. direct answer please
What are the main differences between GATT & WTO?
What are the main differences between GATT & WTO?
What is the purpose of external auditing under IFRS?
What is the purpose of external auditing under IFRS?
What is the difference between an internal check and an external check for a numerical solution?...
What is the difference between an internal check and an external check for a numerical solution? Give an example of an external check.
What are two main differences between ADSL and SDSL?
What are two main differences between ADSL and SDSL?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT