An external audit focuses on a company's performance and compliance, specifically in the areas of accounting and finance. Accounting records are commonly examined in an external audit to make sure no ...

As a business owner, an external audit may seem a costly, unnecessary service. A privately held company is under no legal obligation to provide an external review of the company's financial statements ...

The Securities and Exchange Commission (SEC) requires public companies to issue financial statements. Before these statements become available to investors and the public, they need to undergo an ...

Your external auditor should present findings in a way that is easy to understand, relevant and meaningful to practice administration. An external auditor will be focused on bringing findings to your ...

An audit is a systematic process of objectively obtaining and evaluating the accounts or financial records of a governmental, business, or other entity. Whereas some businesses rely on audits ...

Better communication among internal and external auditors and audit committee members can ease some of the tensions, according to a new report. The report, from the Institute of Internal Auditors and ...

Although internal audit, external audit, and audit committees have different roles, their duties often intersect. External auditors may use the work of internal auditors to the extent this is ...

Academic research in internal audit provides best practices and pertinent information for external and internal auditors. Below, we summarize recent internal audit research from leading academic ...