Comparative review of the differences between in-house and external auditors

Dissertation Proposal

Table of Contents
TOPIC:.............................................................................................................................................1
Research supervisor.........................................................................................................................1
Proposed mode of research..............................................................................................................1
Aims and objectives.........................................................................................................................1
Synopsis...........................................................................................................................................1
Background......................................................................................................................................2
Expected research contribution........................................................................................................2
Proposed methodology.....................................................................................................................3
Work plan.........................................................................................................................................3
Resources.........................................................................................................................................3
REFERENCES................................................................................................................................4

TOPIC:
A comparative review of the differences between in-house and external auditors. A case study
on Tesco Plc.
Research supervisor
Research is long term process because her are different components which has to be
considered in conducting operations. It is crucial and relevant to confirm proposal from senior or
supervisor through which positive and appropriate outcome can be achieved. Research
supervisor for this investigation is tutor (Abbott and et. al., 2016).
Proposed mode of research
This research is conducted under proper procedure because this is the base for future
study and gives some solution for the problem. In this research there is discussion about
difference between reviews of in- house and external auditor. Audit is important to examine
performance of organisation. Hence in this investigation, there will discussion about audit
outcome from review of internal and external auditor. So primary and secondary sources are
used to collect data related to research topic. There is use of Gantt chart with the help of which
information is time required to complete study will be evaluated (Azhar and et. al., 2016).
Aims and objectives
Aim:
To conduct a comparative study over analyse the difference between in-house and
external auditors in terms of productivity of company. A case study on Tesco Plc.
Objectives
 To understand the concept of in- house and external auditors.
 To ascertain the importance of in- house and external auditors in evaluating performance
of TESCO PLC.
 To determine the difference between outcome from in- house and external auditors in
terms of productivity of TESCO PLC.
Synopsis
Research synopsis refers to the proper planning related with conducting complete
research. This is the best way through which rationale can be known behind conducting research.
1

There are research objectives which has to be considered and achieved for the purpose of
understanding whole research topic. Synopsis provides an specific way through which complete
research is effective. In this investigation, researcher covers introduction heading under which
overview and background of research topic, rationale, aims and objectives, etc. are discussed.
Methodology will be studied which covers complete information about tools and techniques
which are used to conduct investigation. There is specific frame work which will study for
getting reason for using specific tool.
Background
In this investigation, there is discussion about different in- house and external auditor and
difference in their views. This is important and relevant to understand role of auditors on overall
performance of association (Burt, 2016). This investigation, will focus on understanding
difference between review of in- house and external auditors in terms of productivity. Apart from
this this en- lights about factors which makes difference between view of in- house and external
auditors. Audit is important because this makes understanding that whether documents gives
correct and fair view or not. In case of negative comment from external auditor, then there is
question on in- house auditor as well.
In this investigation, TESCO PLC is taken because this is large organisation of retail
sector and operating in different parts of country. In this organisation, there is hiring of internal
as well as external auditor. in- house auditor perform audit activities regular basis so in case of
any issue, it can be rectified at that instance only. There is fear in mind of workers because of in-
house auditor, so possibilities of cheating and betrayal is less. This investigation is conducted on
new topic, so it creates base for getting in- depth information about auditors and difference in
their views with their reasons.
Expected research contribution
In research contributes in creating understanding about audit and in – house and external
auditors. There are different factors which contributes for completing this investigation and
getting positive outcome as appropriate recommendations and conclusion. Researcher
contribution by conducting this research it that it creates base for future and they are able to
perform research on similar topic (Gaynor and et. al., 2016).
2

Proposed methodology
Research methodology can be understood with the help of framework “Research Onion”
which contains complete and appropriate information about tools which are used be get
appropriate conclusion and recommendations. Qualitative research method is used because with
the help of it information can be communicated properly with use of graphs and charts. There is
no use of technical statistics which are complex to use. Primary and secondary sources are used
to collect information through questionnaire and internet sources respectively. Simple random
sampling is used in this study because with the help of it bias free information can be used (Pike
and et. al., 2016).
Work plan
Work Plan refers to the outlining of a set of goals and processes with the help of which
the tasks or goals are accomplished. In the following research, this activities will be divided with
the help of Gantt Chart. It is defined as the bar graph illustration of dependency of different
activities and the work schedule status of the project. With the help of this tool, it has become
possible to know about the proper timing and schedule of the project when it was started and
when it needs to be closed. Additionally, it also helps in knowing about the proper time in which
an activity is needed to be completed and also about the time when an activity is needed to be
start to make the successful and effective completion of the research project (Martínez-Molina
and et. al., 2016).
Resources
Resources are the needed materials which are important for the researcher at the time of
conducting the research in an effective and efficient manner. These resources includes the
internet connection, stationary items, computer system, money, etc. are needed for the successful
completion of the research. In these resources, primary as well as the secondary resources which
plays an important role in the completion of the proposed research project. After analysing the
needs and demands of resources as such which kind of data is needed in the project, their use in
done in the research. As such in the primary, the use of surveys, questionnaires, interviews and
many could be done and in secondary the use of books and articles is done (Moser and Kalton,
2017).
3

REFERENCES
Books and Journals
Abbott, L. J. and et. al., 2016. Internal audit quality and financial reporting quality: The joint
importance of independence and competence. Journal of Accounting Research. 54(1).
pp.3-40.
Azhar, R. A. and et. al., 2016. Enhanced recovery after urological surgery: a contemporary
systematic review of outcomes, key elements, and research needs. European urology.
70(1). pp.176-187.
Burt, I., 2016. An understanding of the differences between internal and external auditors in
obtaining information about internal control weaknesses. Journal of management
accounting research. 28(3). pp.83-99.
Gaynor, L. M. and et. al., 2016. Understanding the relation between financial reporting quality
and audit quality. Auditing: A Journal of Practice & Theory. 35(4). pp.1-22.
Martínez-Molina, A. and et. al., 2016. Energy efficiency and thermal comfort in historic
buildings: A review. Renewable and Sustainable Energy Reviews. 61. pp.70-85.
Moser, C. A. and Kalton, G., 2017. Survey methods in social investigation. Routledge.
Pike, B. J. and et. al., 2016. External auditors' involvement in the internal audit function's work
plan and subsequent reliance before and after a negative audit discovery. Auditing: A
Journal of Practice & Theory. 35(4). pp.159-173.
4