Purchase Solution

Internal and External Auditors Duties

Not what you're looking for?

Ask Custom Question

Please help getting started on some research on the topic of what internal and external auditors do covering the following items:

*providing information to users of the audit like investors
*providing information to business owners
*meeting the needs of managers
*responsibilities to the audit committee
*evaluating what a company says about itself via the financial statements.

Purchase this Solution

Solution Summary

Internal and external auditors duties are examined in the solution.

Solution Preview

Running Head: AUDITING

Internal & External Auditor

Information to the Users of Audit
Investor expects the auditors as the public watchdog. In order to provide the information to the users, the auditors audit the financial statements of the organization. The audit of the financial statement and the financial disclosure are performed by the auditor in order to ensure the investors and users that the financial information presented in the financial statements of the company are fair or not. Auditor also provides assurance to the investors through the various degrees and aspects (Moeller, 2008). He also performed the fraud detection process for the investors in order to provide fair financial position of the business to the investors.
Information to the Business Owners
The internal and external auditors also provide the information to the business owners. The internal auditors perform the control ...

Purchase this Solution


Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.