Distinguishing Internal and External Auditors: Roles, Functions, and Collaboration

This paper compares the roles and functions of internal and external auditors and their collaboration in auditing processes.

Ethan Wilson

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Distinguishing Internal and External Auditors: Roles, Functions, andCollaborationExplain the key differences between internal and external auditors, focusing on their roles,objectives, and reporting structures. Select an organization you are familiar with and providethree functionsperformed by an internal auditor andthree functionsperformed by an externalauditor within that organization. Additionally, provide an example of a situation where internaland external auditors would collaborate. Your response should beat least 1000 wordsandinclude references to relevant auditing principles and standards.

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