Distinguish between interium audit and internal audit
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Hut the meaning behind the scenes from a few weeks back in town and get the job
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The difference is shown below:
Explanation:
Interim audit
It is the one which is performed or conducted prior from the accounting year end, it involves preliminary work of audit and the tasks of the audit is conducted to compress the year required to complete the final audit.
It is performed by professionals or the External auditors.
Internal Audit
It is the one which is performed to assess the internal control involving the accounting processes and corporate governance of the company.
It is performed by the persons of the internal auditing department.
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