Mentioned in? 1  airplane maneuver. 2  amplification. 3  animal disease. 4  bind. 5  bowline. 6  bowline knot. 7  branch line. 8  circuit. 9  closed-loop system. 10  coil. 11  control circuit. 12  control system. 13  crochet. 14  electric circuit. 15  electrical circuit. 16  entwine. 17  feedback circuit. 18  flight maneuver. 19  gain.
Responsibility External auditors are responsible to the owners of the company which could be anybody from its owners to the shareholders to the government or general public. Internal auditors are responsible solely to the companyâs senior management.
Unlike an external audit, which focuses on determining whether financial statements conform to generally accepted accounting principles, an internal audit focuses on uncovering internal control weaknesses and evidence of fraud, waste or abuse. Internal audit procedures and techniques are essential to effective risk-management implementation.