what do internal auditors do?

July 14, 2006 8:50am CST
what is the task of the internal auditors vs external auditor what is thier space in the company vs the management of the company
2 responses
@QnAQueen (555)
• United States
14 Jul 06
the work of an auditor is to make sure that office systems are working properly, efficiently, and in the most cost-effective way and recommends changes in areas where they find some gaps. the check whether confidential files are stored properly, the correct forms are used for whatever purposes they serve, proper steps are taken when hiring or separating employees, payroll is handled following the proper steps, etc. internal auditors are employed by the company that they do audits for. usually this is done on a regular basis so as to make sure the company is in compliance at all times with government requirements, business needs, etc. and to make sure that all activities of the business are running smoothly, otherwise, change are made to make things work better. external auditors are employed by an outside agency. they basically do the same work as the internal auditors but they report their findings to an outside agency or the government as well as to the company that they 've done the audit on.
@sedel1027 (17854)
• United States
14 Jul 06
Internal and external auditors do the same exact job, except that interal adutiors work for the company they are auditing. Their role in the company is to enforce the checks and balances that have put in place by the company and to check documentation to ensure no one is harming the company (ie stealing money).