Which of the following is not a similarity between external and internal auditors?
A) Both must be independent of the company.
B) Both must be competent.
C) Both follow a similar methodology in performing their audits.
D) Both consider risk and materiality deciding the extent of their tests and evaluating results.

Question

Quizplus · Accepted Answer

External auditors are required to maintain independence from the company they audit to ensure their objectivity and impartiality. Internal auditors, however, are employees of the company and, while they must maintain an objective stance, they are not independent of the company in the same way external auditors are.

Which of the Following Is Not a Similarity Between External