What is the difference between an internal auditor and an external auditor. OF which is a better career choice

Answer 1

Either can be good. Internal is typically an employee of the company, probably a quality engineer. External is probably a consultant, also an engineer but may audit many different companies as a consultant. Also, auditing can apply to manufacturing or accounting, so if accounting then instead of engineer, insert accountant.

Answer 2

Both are accountants, you would have to become an accountant first. Internal auditors are hired by a company to do an audit on itself. External would be an audit done for taxation purposes, etc. done by government auditors. Do you want to work for the government or for an accounting firm? Government jobs usually pay higher but some accounting firms pay very well depending on experience. Becoming an accountant is a lot of hard work but there are good jobs if you do well.

Answer 3

Internal auditor performs audits for his own company. external auditor usually works for a CPA firm and is hired by other companies to audit those companiy's books as an independent/outside entity. no opinon on career choice. I only did one audit while in public accounting and hated it and hate putting up with internal & external audits now that I'm an accounting manager for a subsid of a fortune 500 company

Answer 4

Internal works for the company full time, outside comes in from the CPA firm. External auditor is the better career move.

Answer 5

An internal auditor is internal, i.e. an employee of the organization itself. An external auditor is external, i.e. an employee of the of some outside auditing agency. It might be a big accounting firm like Price Waterhouse Coopers full of highly paid CPAs.

Answer 6

exterior Auditor: exams the underlying transactions that form the muse of the economic statements. inner Auditor: advises administration on in spite of if its important operations have sound structures of danger administration and inner controls.