If a company has an internal audit function,it does NOT need to have external auditors.

Question

Quizplus · Accepted Answer

While an internal audit function can provide valuable insight into a company's operations, external auditors are still necessary to provide an independent and objective assessment of the company's financial statements and internal controls. External auditors provide assurance to stakeholders that the financial information presented by the company is accurate and reliable.

If a Company Has an Internal Audit Function,it Does NOT