This concept, while used by both internal and external auditors, is typically assessed quite differently for each.
A)Competence.
B)Objectivity.
C)Integrity.
D)Materiality.

Question

Quizplus · Accepted Answer

Materiality is the concept that is assessed differently by internal and external auditors due to their differing objectives. External auditors focus on financial statement accuracy for external stakeholders, while internal auditors assess broader business risks and operational efficiencies.

This Concept, While Used by Both Internal and External Auditors