Is there any difference between internal audit and social audit?

Internal audit belongs to the internal audit supervision carried out by internal audit institutions or full-time auditors, and is only responsible for the unit. External audit is a visa activity provided by an independent external agency as a third party, and it is responsible to the state power department or the public.

2. Audit independence is different.

Internal audit is restricted by organization, work and economy, and its independence is limited; External audit has nothing to do with the audited entity in economy, organization and work, and has strong independence.

3. The purpose of audit is different.

The purpose of social audit is mainly to verify the accounting statements or financial revenues and expenditures of enterprises and institutions, to express fair opinions on their financial status, operating conditions and cash flow, and to provide decision-making basis for report users.

The purpose of internal audit is to strengthen the internal management of the unit and improve the accounting level and economic benefits through auditing, analysis and evaluation.

4. Different auditors

Social auditors are mainly project teams or teams based on certified public accountants.

Internal auditors are generally the heads and on-the-job staff of internal audit institutions, and only when complex projects or special needs are involved will some external professionals be hired.

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