Overview: Internal audit performs independence and objectives activities from the organization while its main objective is to play an important role in helping the organization to meet its main goal. In other words, to meet the organization’s vision and mission....
Internal audit integrity stays the number one among the four internal audit codes of ethics. Based on the code of ethics, integrity simply means honesty to their own ethic, company’s policy, shareholders, and public (For some cases). Integrity will help the...
Internal audit competency is one of the four-element of the internal audit code of ethics. This code required internal audit have the necessary skill, knowledge, and experiences to conduct the internal audit services. The code also required the internal auditors to...
Overview: Audit objectives vary base on the types of audit engagement and the scope of the audit. The internal audit might have different objective from an external audit or statutory audit. For example, the objective of audit on financial statements basically is to...
Overview: Audit strategy generally means the combination of audit approach to be used, resources management and allocation, timing of the audit, and the way how the audit engagement is managed. For example, the auditor will use risks based audit approach or top-down...
Internal audit and external audit are both the watchdog of entity and shareholders; however, there are some key differences between internal and external audit for some perspectives. For example, purpose, employment, legal requirement, reporting and so on. The...
