External Audit

… a core concept used in Implementation and Delivery and Atlas107

Concept description

BusinessDictionary.com (reference below) defines external audit as a periodic or specific purpose audit conducted by external (independent) qualified accountants.

It notes that:

“Its objective is to determine, among other things, whether (1) the accounting records are accurate and complete, (2) prepared in accordance with the provisions of GAAP, and (3) the statements prepared from the accounts present fairly the organization’s financial position, and the results of its financial operations.”

Legislative audit offices

In the public sector, most jurisdictions have a legislative audit office (internationally this body is often called supreme audit institution) responsible for conducting external audits of government entities and reporting to the legislature.

In Canada the legislative audit offices at the federal and provincial levels are members of the Canadian Council of Legislative Auditors (CCOLA). CCOLA’s list of links to federal and provincial legislative audit offices  – see https://www.ccola.ca/ccola/en/about-ccola/links-legislative-audit-offices.

The national audit offices of most of the world’s countries are members of the International Organisation of Supreme Audit Institutions (INTOSAI), which operates as an umbrella organisation for the external government audit community. INTOSAI publishes the International Journal of Government Auditing (see http://www.intosaijournal.org/index.php). Members of INTOSAI are listed at http://www.intosai.org/en/about-us/organisation/membership-list.html.

Atlas topic, subject, and course

Controlling Fraud, Waste, and Abuse (core topic) in Implementation and Delivery and Atlas107.


BusinessDictionary.com, external audit, at http://www.businessdictionary.com/definition/external-audit.html, accessed 16 October 2017.

Page created by: Ian Clark, last modified 17 October 2017.

Image: Kobridge, at http://kobridgeconsulting.com/default-item/internal-audit/, accessed 17 October 2017.