Internal auditors are hired to determine whether or not the company's financial statements agree with generally accepted accounting principles.

Question

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While internal auditors may review financial statements as part of their role, their primary focus is on evaluating the effectiveness and efficiency of an organization's internal controls, risk management, and governance processes. They may also assess compliance with laws and regulations, operational performance, and potential areas for improvement. External auditors are typically hired to review financial statements for compliance with generally accepted accounting principles.

Internal Auditors Are Hired to Determine Whether or Not the Company's