The internal auditor $($IA$)$ is often misunderstood and occasionally considered interchangeable with the external auditor $($EA$)$ due to shared traits, despite their distinct objectives. They typically have similar backgrounds, education, and experiences, playing vital roles in organisational governance. Both IA and EA share concerns about the effectiveness of internal financial controls and adhere to ethical codes and professional standards set by their respective bodies. However, key distinctions exist between the roles of an external auditor and an internal auditor in an organisation.

Discuss.

$($ Total $/$ Jumlah: $20)$