What Are the Major Differences Between Internal Auditors and External

question 18

Essay

What are the major differences between internal auditors and external auditors. What strengths and weaknesses require both to exist?

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Definitions:

Rationality

The quality of being based on or in accordance with reason or logic, often referring to the ability of individuals to make decisions based on logical processes and empirical evidence.

Behavior

How an individual or collective responds to stimuli coming from either their environment or internally.

Collective Behavior

Actions or behaviors exhibited by groups of people who may be temporary and diverse, out of societal norms under the influence of certain stimuli.

Social Rewards

Benefits or reinforcements provided by society for actions considered beneficial or conforming to norms.