Let's Compare Internal-Audit and Statutory-Audit


Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.


A legally required review of the accuracy of a company's or government's financial records, by an external auditor. The purpose of a statutory audit is the same as the purpose of any other audit - to determine whether an organization is providing a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records and financial transactions.

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Your Comparisons - Internal-Audit And Statutory-Audit