xternal and internal audits serve two different purposes. External audits are independent assessments of a company's financial information and records, while internal audits review a company's operations and processes.
Internal auditors, as the name implies, work within an organization as employees, while external auditors are independent of the organizations they audit. Audits, whether internal or external, gauge the performance of a company or organization in a specific area. When bolstered by auditing software, new levels of collaboration and data visualization are unlocked. There are different types of internal and external audits, each of which has a distinct focus. Here are some of the most common