Internal audits are not as effective as external audits.

Question

Quizplus · Accepted Answer

This statement is subjective as both internal and external audits have their own advantages and disadvantages. Internal audits provide a more detailed view of the organization's operations and can help identify areas for improvement. On the other hand, external audits provide an objective assessment of the organization's financial statements and compliance with regulations. Both types of audits are important for a comprehensive assessment of an organization's operations.

Internal Audits Are Not as Effective as External Audits