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What is the difference between an internal auditor, external auditor and a federal or government auditor?

April 26, 2017Auditor difference external Federal government Internal

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What is the difference between an internal auditor, external auditor and a federal or government auditor?

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Each type of auditor has a different scope, perspective and objectives. Internal audit is concerned with anything in the University and is designed to add value and improve the University’s operations. External auditors are independent of the University and are hired to provide an opinion on the information being audited, including annual financial statements. Federal and other government auditors audit the specific grants and awards provided by their respective agencies.