Internal auditing or compilation are some of the most effective tools for improving a business or organization’s internal functioning and management, by getting to the core of their finances and helping to determine the best course of action to take within these areas. Top accounting firms will be able to provide the best certified internal auditors in order to give the deepest insight possible for clients that are looking to learn more.

But first, what exactly is the difference between auditing and compilation? Typically, compilation represents the lowest degree of engagement on the part of your auditor, as it focuses on putting together financial statements. In this case, the auditor does not provide in-depth advice on the state of your finances or perform any evaluation, but sticks to the numbers. An audit, on the other hand, incorporates an opinion on the corporation’s compliance with the correct financial reporting framework. In addition, a certified auditor will take a deeper look into the functioning of the business in order to asses fraud risk.