The so-called internal audit and external audit are classifications of audits based on the differences in audit entities. In 2003, the Chinese Institute of Internal Auditors released the "Specific Criteria for Internal Audit No. 10 - Coordination between Internal Audit and External Audit," which explicitly pointed out that the "coordination between internal audit and external audit" refers to the communication and cooperation between internal audit institutions, accounting firms, and national auditing authorities in their audit work. This article aims to explore the necessity and feasibility of coordination between internal audit and external audit.
1. The internal audit and external audit have both distinctions and connections, each with its own characteristics while complementing one another, making the coordination between internal audit and external audit not only necessary but also feasible.