Distinguish between internal audit and statutory audit
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INTERNAL AUDIT:
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.
STATUTORY AUDIT:
Statutory auditor is a title used in various countries to refer to a person or entity with an auditing role, whose appointment is mandated by the terms of a statute.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.
STATUTORY AUDIT:
Statutory auditor is a title used in various countries to refer to a person or entity with an auditing role, whose appointment is mandated by the terms of a statute.
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