External audit is an independent examination of your financial statements, performed by a firm outside the company, with the goal of expressing an opinion on whether the statements fairly reflect reality. It is often required by law, banks, or shareholders.
Internal audit, by contrast, works inside the company year-round. It tests processes and controls — procurement, payroll, inventory, cash handling — looking for weaknesses that could lead to errors, fraud, or waste before they appear in the financial statements.
Growing companies need both. External audit gives stakeholders confidence in the numbers; internal audit makes sure the numbers stay trustworthy between audits. Our team provides both services under one roof — contact CGAAT to design the right review cycle for your business.