Using the Work of Internal Auditors
Who Are Internal Auditors?
Internal auditors are employees or contractors who evaluate and improve an organization's governance, risk management, and internal control processes. External auditors may consider their work when planning and performing the audit.
- Internal auditors evaluate internal controls.
- They perform operational and compliance audits.
- They report findings to management or those charged with governance.
Note
Internal auditors work for the organization, so they are generally less independent than external auditors.
Summary
Internal auditors provide valuable information, but external auditors must independently evaluate whether their work can be used.