Audits are conducted by accountants internal to the organization so that the users of the financial information can have confidence in the accuracy of the financial reporting.

Question

Quizplus · Accepted Answer

Audits can be conducted by both internal accountants (internal audits) and external independent auditors (external audits). External audits provide the confidence in the accuracy of financial reporting for external users.

Audits Are Conducted by Accountants Internal to the Organization So