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Internal Auditor reviews the external audit report .External Auditor reviews the Internal Audit reports.Please.connect.

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Question ajoutée par mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date de publication: 2014/01/16
Nusrat Afroz
par Nusrat Afroz , Senior Admin Executive , Vintage Gallery

Both 'Internal Auditor' and 'External Auditor' reviews each other's reports in-order to observe, control, evaluate,rectify, modify and to assist in defining and performing  each other's functions and responsibilties more deliberately .Thus mutually, helps the company to visualize a clearer picture of its current financial status.

 

kamran khalid
par kamran khalid , Accountant , Callguard Security Services

Assalam alecum

 

Each & Every Person Approach differently as compare to analyse financial Statement.

 

So review each other reports is trying rectification of False report in Financial Statements.  

Wilfredo Quito
par Wilfredo Quito , Accounting Manager , DDC LAND INC.

As functions and requirements both are different. But ways and means of achieving the objectives are almost same. So we can say that they complement each other in terms of their functioning but not in terms of their objectives

Sandeep Domkawale
par Sandeep Domkawale , Asst.Manager-Technical Services , KCK Pharmaceutical

The external auditor can check the work of the internal auditor if he find it useful for his audit or he can lead his audit based n internal audit risk issues based on qualification and experience of the internal auditor. Also the Internal auditor report helps the external auditor to identify the red flags.

The Internal auditor reads the external auditor report and compliance given for that points to identify any risk that he was not aware.

rosenda Gumanoy
par rosenda Gumanoy , Nail technician, junior beutician, massage therapist , facial , Nstyle company

They are connected specially in coming and going product inventory.. They should informing each other to avoid shorting on product inventory...

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