A Short Review on Cooperation between the Internal and External Audit Teams

Authors

  • Jerusha Angelene Christabel G Sathiyabama Institute of Science and Technology, Tamil Nadu, India
  • S. Suman Rajest Professor, Bharath Institute of Higher Education and Research, Chennai, Tamil Nadu, India
  • R. Regin Assistant Professor, Department of Computer Science and Engineering, SRM Institute of Science and Technology, Ramapuram, Chennai, India

Keywords:

Auditor performance, collaboration, audit job, information flow, minimizing time, credible results

Abstract

This analysis hinders an internal-external auditing relationship. To gain management trust, auditors must have integrity, purpose, and expertise. Coordinating two auditing forms would lead to accurate and effective information flows, reducing time, costs, and contact between parties. External auditors consider the company's employees. External auditors must ensure financial records are accurate. This example shows how internal and external auditors working together may develop a trustworthy partnership and deliver reliable results to shareholders. These phenomena were studied using a qualitative exploratory method. Autonomous, competent internal and external auditors promote trust between the two types. Annual meetings and auditing tools can use similar approaches and methodologies to facilitate internal and external auditor information flow. When internal and external auditors work together, it can increase audit efficiency and encourage better governance, management comprehension, audit function implementation, and eliminate audit duplication.

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Published

2022-10-17

How to Cite

G, J. A. C. ., Rajest, S. S. ., & Regin, R. . (2022). A Short Review on Cooperation between the Internal and External Audit Teams. Journal of Marketing and Emerging Economics, 2(10), 33–48. Retrieved from https://oajournals.net/index.php/jmee/article/view/1642

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