Compare internal audit and external audit, provide the following for each:

1.Definition

2.Purpose

3.Who is the beneficiary of the audit work?

4.What is the relationship between auditor and auditee?

5.The qualification of the auditor

6.What is the audit work plan based upon?

7.Who does the auditor report to? Please provide the hierarchy of authority in audit reporting.

8.What is the scope of audit work? Please provide a list of items that could be included in the auditing scope.