Why is external auditing important to risk management?

Question

Quizplus · Accepted Answer

The Answer is The external auditors provide an objective check on the reliability and fairness of financial information. However, they also provide assurance over other aspects of an organization such as providing owners with corroborative evidence that control is operating effectively, and giving managers feedback on improving internal control over financial reporting for their own purposes. Auditors are uniquely qualified to provide such assurance because they possess the professional skills to provide highly diagnostic services, while maintaining objectivity.

Why Is External Auditing Important to Risk Management