Distinguish Between Internal Documentation and External Documentation as Types of Audit

question 42

Essay

Distinguish between internal documentation and external documentation as types of audit evidence. Give two examples of each. Which type is considered more reliable?

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Definitions:

Glocalization

The practice of conducting business according to both local and global considerations, blending international approaches with local cultures and preferences.

Cosmopolitanism

A philosophy or ideology that emphasizes being a citizen of the world, valuing diversity, and recognizing the interconnectedness of all people.

Glocalization

A strategy that combines global reach with local adaptation, ensuring products or services are acceptable to local markets while maintaining worldwide efficiency.

Counterfeiters

Individuals or entities that produce unauthorized replicas of copyrighted or trademarked products, often of inferior quality, to sell for profit.