WRONG ... an internal audit is one done INTERNALLY by definition.
External audits are done by EXTERNAL parties.
EIGH claims to have had an audit done INTERNALLY. What Does Internal Audit Mean? An audit performed by a person (or persons) employed by the firm being audited. Investopedia explains Internal Audit Internal audits have quickly become an important aspect of corporate governance, thanks mainly to the Sarbanes-Oxley Act of 2002. jmo