How do internal auditors differ from external auditors? How do internal auditors add value to the organization they work for?
Answer & Explanation
Solved by verified expertInternal auditors are employees of the organization they work for, while external auditors are independent contractors. Internal auditors are familiar with the organization’s culture and
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Step-by-step explanation
operations, while external auditors are not. Internal auditors are able to provide more comprehensive and objective assurance services because they are not beholden to the organization’s management. Internal auditors add value to the organization by providing objective assurance on the effectiveness of the organization’s risk management, control, and governance processes.
