Differences Between Internal and External Auditing and the Role of Accounting in Business Functions ...

Question 1
(a) Define the differences between External and Internal audit in terms of:

• Roles
• Legal Basis
• Scope of Work
• Approach
• Status
  (5 marks total)

(b) Explain the relationship between accounting and these business functions:

• Marketing (8 marks)
• Production (12 marks)

Solution: