The Difference between Internal & External Audit!

Auditing:

Auditing is an inspection, modification and check business record conducted by an independent qualified public accountant

Auditor:
An auditor is a person who checks the accuracy or correction and verification of business record.
The auditor is a person who the financial record of the company or organizations.
Jobs in the audit industry have brought many careers opportunities. Audit roles are generally classified in to two camps, indoor and outdoor. It is important to fully understand to the audit role before carefully looking at experts and niches.

Internal Audit:

In the internal audit, the practical work and risks of our business.

Internal audit is independent of other departments, but it is a function to report directly to the audit committee that resides in the organization (i.e employees). As stated in the annual audit plan, I am responsible for a wide range of the audits ( finance and non finance). Internal audit focuses on the critical business disasters and action that effectively manage risks to help organization to achieve its objective. For Example, you can investigate the risks of corporate reputation. Such as the use of overseas Inexpensive workers and strategic risks such as the production of so many products. Available resources etc.
External Audit:

External audit examine the company, balance sheet and financial statement.

External audit is an independent agency outside the organization to review. They are focused on the financial and financial risks designated by the financial account s and the company shareholder. The main responsibility of the external audit is to carry out annual audit of the financial accounting law and to judges whether its reflects the financial condition of the company in truth, As the part of this process, the external audit is examines and evaluate the risks that the many effect the financial account and determines the internal control that are the generally defined to the determined whether they are operating as planned considered.

The difference between internal audit and external audit function is as follow:

Internal auditors are employees of the company, and external audit work at external auditing firm.

External auditors are appointed by the shareholder voting, but internal auditor are approved by the company.

Internal auditor should not be CPAs, VPAs should direct the activities of external audit.

The internal auditor is the responsible for management and the external auditor is the responsible for share holder.

Internal auditor can report result in any types of reports format, but external auditor must use a specific format for audit opinion and management point.

The internal audit report are used by administrator and the external audit report are used by clients such as investors, lander, and the borrowers. 

The internal auditor can be used to provides advice and other services to advisers, but the external auditor need to the supports audit clients.

The internal auditor survey business practices and risks related issue, the external audit review financial account and the provide advice on the financial statement.

The internal auditor are conducted through out the year, while external auditor annual annual audit. If the client is open, the external auditor also provide the audit services three time a year.