As external auditors we have a dual responsibility – to you and to the regulatory authorities. As an internal auditor our responsibility is only to you – the aim is to help you to work more efficiently and effectively, with reduced possibility of error.
Internal audit has a different purpose from external audit: internal auditors look at the various risks faced by an organisation and how it manages these risks. They do this by adopting a systematic approach to analysing processes, procedures and activities with the aim of highlighting potential organisational weaknesses and recommending improvements.
