“check ... ✔.... check and ✔”this
is or probably what will sound like when those auditors doing their task.
For me , initially when talking
about auditor I always thought 💭
that auditor is those who are always checking🔍and
investigating📃 the accountants' works which made the accountant's life
more miserable. I never knew that there are 2 type of auditors until my
lecturer told me so😂 which is Internal auditor and external auditor. So to differential both of them ,this is what I get when I
done my research （thanks GOOGLE！🙌）
Internal Auditor
|
VS
|
External Auditor
|
Examine issues of company business practises and risks.
|
OBJECTIVE
|
Examine the financial records and issue an opinion based
on the financial statements of the company.
|
Hired by the company management
|
APPOINTMENT
|
Hired by the shareholder of company
|
NO
|
CPA REQUIREMENT
|
YES
|
Company Management
|
RESPONSIBLE FOR
|
Company Shareholder
|
Free to use any type format
|
FORMAT OF REPORT
|
Must use specific formats
|
From operation by professionalism and status
|
INDEPENDENCE
|
From company via statutory rights
|
Continuous Process
|
PERIOD
|
quarterly or annual
|
Operational Efficiency
|
CHECK
|
Accuracy and Validity of Financial Statement
|
Salary
|
REWARD
|
Fee
|
No
|
RIGHT OF MEETING WITH SHAREHOLDER
|
Yes
|
So
to cut it short , we can conclude that internal auditor is like those who
patrol 🚓 in the organization to supervise all employees whether they
obey and follow the company's rules and regulations (AKA just like a 24 hours
CCTV📹that
👀
every single corners in company🏢). Meanwhile, an external auditor is a outsider from the
company where been hired as inspector🔍and detective👮 to check and verify the company financial report plus
detecting whether is there any possible fraudulent activities been occur or not.
