Module 1 – M1 Assignment 3
Assignment 3: External and Internal Audit
Auditing is a very broad topic that covers all aspects of an organization. An audit not only examines the accuracy of financial statements but also examines the effectiveness of internal controls as well as the efficiency of overall operations of the organization. To accomplish the objectives of different types of audit within an organization, the audit function is broken down into the role of internal auditor and the external auditor.
In your role as a partner in the CPA firm Dewey, Wright, and Moore, review the following information.
In preparation for your scheduled meeting, research the external and internal audit function using your textbook, the Argosy University online library resources, and the Internet. Complete the following:
Present the comparisons in a chart. Include a 3-5 page report summarizing and explaining the chart as well as outlining how you think Dewey, Wright, and Moore can use the services of the internal auditors as part of the overall audit the firm would provide. Give reasons for your assertions and cite your sources.
Submit your chart and report in Word format. Utilize at least three resources in preparing your report. Apply APA standards for writing style to your work. Use the following file naming convention: LastnameFirstInitial_M1_A3.doc. For example, if your name is John Smith, your document will be named SmithJ_M1_A3.doc.
By Wednesday, October 7, 2015, submit your assignment to the M1: Assignment 3 Dropbox.