唔該我想問有關internal auditors and external auditors的問題

The primary responsibility of Internal Auditors is appraising an entity's risk management strategy and practices, management (including IT) control frameworks and governance processes. They give internal audit report to management, highlighting key issues on weaknesses in internal control or to give recommendation on better management on financial issues. However, they will not give an opinion on the entity's financial statements.

The primary role of external auditors is to express an opinion to the shareholders on whether an entity's financial statements give a true and fiar view of the state of affairs of the company, its profit and cash flow in a ccordance with financial reporting standards and in accordance with the disclosure of the law reuirement ( Hong Kong Companies Ordinance). The auditor has to give an opinion whether the financial statements have been prepared in accordance with accounting and reporting standards ( Hong Kong Financial Reporting Standards) and the statements are free of material misstatements after auditing procedures and consideration for making such a judgement have been carried out. Normally, external auditors also review the entity's internal control procedures when assessing its overall effectiveness.