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

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.