What's the Difference between Internal and External Reports?

It is useful to know what Internal and external reports are when comparing these two types of documents. Organizational internal reports are management reports, which are used to inform specific organizational stakeholders for decision making and performance evaluation. They may provide specifics of operations and cash flow. On the other hand, external reports are prepared for the readers from outside the company for example investors and regulators and aims at issues like performance standards and policies among others. Knowledge of these differences enhances organizational communication by allowing each side to approach the converse differently.