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Is internal audit a better career than statutory audit ?

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Question added by Bassem Al-Ahmad , Financial Director , ADR
Date Posted: 2015/06/07
ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

There is a big show of the work of the external auditor and the work of the internal auditorThe main objective of the External Auditor is the company's shareholders service by never opinion about the safety of the preparation of financial reports prepared by the company lists and that it present fairly in all material respects and not by any errors or fraud in examination sample to complete the review of those lists process limits either internal auditor main objective him is ensure the safety of the company's accounting system and the accuracy of the extracted data, as well as his leading role in the prevention of errors or fraud on the policies and rules and regulations adopted for the work of the company.The work of the external auditor independent professional person certified by the competent authorities to take action and monitor the accounts audited and to be appointed by the shareholders at the AGM of the company either internal auditor with the company and is appointed by the executive management of the company.From where to enjoy the autonomy to work longer independent external auditor in the performance of work for the company it is administered by the examination of the lists and evaluation work and to express an opinion after the completion of the screening process either internal auditor has limited independence for some departments such as financial management, cost management and production management and marketing management does not enjoy it independence with the executive management of the company.External Auditor is accountable to shareholders for the masses of what is contained in his report prepared for review and examination of the financial statements process either internal auditor just in front of the senior management official shall be deemed and displays the results of the examination and study and draw avoid deficiencies.The External Auditor's work on a regular basis during the year under report after the completion of the preparation of the final reports and financial statements audited to take either the internal auditor is to work on a daily basis on a regular basis throughout the year without waiting for the completion of the financial statements.

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with answers ..........................................

Its always better to be in Internal audit because:

1.Its gives to an skill which can be applied across countries

2. Its like a paid training as u spend most of your time in understanding system and processes

3. You need to constantly apply ur brain to find good observations.

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