WHAT IS THE DIFFERENCE BETWEEN EXTERNAL AND INTERNAL AUDITORS?
External auditors work for public accounting firms and are primarily focused on financial reporting. Internal auditors are a management resource used to help identify risks and recommend ways to transfer, eliminate, or mitigate those risks. There are five types of risk an entity faces: strategic, operational, financial, compliance, and reputational. Some risks may be unavoidable. We recommend ways to manage an acceptable amount of risk. We do this by identifying and recommending best practices and internal control process improvements through our portfolio of services.
