In order to avoid bias and subjectivity, an internal audit can not be handled by an in - house accountant, therefore, many companies would rather hire outside accounting firms to perform their audits. (jobdescriptionandresumeexamples.com)
Sacramento — The California legislature, responding to reports of imprudent spending practices in some school districts, has approved a new program to monitor the audit reports that districts receive annually from outside accounting firms. (edweek.org)
The Federal Reserve's financial statement is audited by an independent, outside accounting firm, and an independent Inspector General has wide powers to review actions taken by the Board. (businessinsider.com)