Distinctive Roles in Organizational Governance
The interests, roles, responsibilities, and activities of internal auditors and external auditors are complementary and sometimes similar; in some cases, they overlap at one point or another. For example, the overlap between an internal auditor and an external auditor may include carrying out an efficient analysis of transactions; becoming intimately familiar with an organization’s governance, risk management, and internal control systems; and sharing and developing accurate final reports.
However, there are distinct differences in the roles, and certainly in the boundaries of the work that they perform. The differences are often under-recognized, and are perhaps even misunderstood and confused by stakeholders.
Download and read Global Perspectives and Insights no 8: «Internal Audit and External Audit – Distinctive Roles in Organizational Governance»