Can you list the advantages and disadvantages of external auditors providing consulting services to the client?

Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/11/26

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Disadvantages Conflict of Interest Biased Audits Erroneous Reports Regulatory Dilemma

Advantages

understanding of work operations

by Muhammad Anjum , General Manager Quality & Management Systems , United industries limited

Advantages: They could provide a fair presentation of situation.

Disadvantages: Since they are not harmonize with organization culture and norms, their output could be biased.

Internal auditors should be objective. Objectivity..
Top Answer: A. Requires internal auditors not to subordinate their judgment on audit matters to that of others. ... See More

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Top Answer: option4 is the right answer. To ensure independence of auditors is the main reason of this activity. ... See More

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Top Answer: Nowadays, social media in general is playing a big role in our personal & proffesional life. If we ar ... See More

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Top Answer: I greet and see what his requests are and give him respect and earn him. See More

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