Internal auditor constitutes parts of the structure of the internal control system, which function as a check in other work in and organization. The internal auditors enjoy some measures of independence from organizations operating personal for the fact that they make report, the chief executive of an organization to whom they are responsible. The external auditor is certified that the activities of the internal auditor is assured of the reliability of accounting records, he can substantially limit amount of checking’s he has to do.
He may decide, for instance, to adopt the figure to stock on the balance sheet if he is satisfied that the internal auditor conducts a continuous check on the stock record. It has to be noted that wherever reliance the external auditors, it is done at is own risk. Therefore, if anything goes wrong, he cannot escape the liability merely because he relied on internal auditor, the internal auditor is more intimately associated with the operation on the external auditors as to area that requires a particular attention.
Frontiers, E. & F., A (2021). Effect Of Internal Audit In An Organization (A Case Study Of University Of Ilorin Teaching Hospital Ilorin). Afribary. Retrieved from https://afribary.com/works/effect-of-internal-audit-in-an-organization-a-case-study-of-university-of-ilorin-teaching-hospital-ilorin
Frontiers, Edu, and Adeshina F. "Effect Of Internal Audit In An Organization (A Case Study Of University Of Ilorin Teaching Hospital Ilorin)" Afribary. Afribary, 14 Dec. 2021, https://afribary.com/works/effect-of-internal-audit-in-an-organization-a-case-study-of-university-of-ilorin-teaching-hospital-ilorin. Accessed 24 Jan. 2022.
Frontiers, Edu, and Adeshina F. . "Effect Of Internal Audit In An Organization (A Case Study Of University Of Ilorin Teaching Hospital Ilorin)". Afribary, Afribary, 14 Dec. 2021. Web. 24 Jan. 2022. < https://afribary.com/works/effect-of-internal-audit-in-an-organization-a-case-study-of-university-of-ilorin-teaching-hospital-ilorin >.
Frontiers, Edu and F., Adeshina . "Effect Of Internal Audit In An Organization (A Case Study Of University Of Ilorin Teaching Hospital Ilorin)" Afribary (2021). Accessed January 24, 2022. https://afribary.com/works/effect-of-internal-audit-in-an-organization-a-case-study-of-university-of-ilorin-teaching-hospital-ilorin