An Introduction to Internal Audit

An internal audit is a consulting activity that helps to improve the work efficiency and effectiveness of an organization's internal processes and controls.

An internal auditor's primary responsibility is to confirm

An Introduction to Internal Audit

An internal audit is a consulting activity that helps to improve the work efficiency and effectiveness of an organization's internal processes and controls.

An internal auditor's primary responsibility is to confirm that a company's risk management, governance, and internal control procedures are working as intended. Because it checks the efficiency of internal processes, internal auditing is a crucial part of any business.

What do internal auditors perform?

As professionals, they must give an honest and balanced assessment. They must be objective in their estimates of company functions and report directly to the company's top brass, including its CEO and Board of directors. The chief financial officer, the audit committee, or the Board of directors are typical examples.

For the internal Audit Services to be successful, it needs to be staffed by knowledgeable individuals who can carry out their duties in compliance with International Standards and their Code of Ethics.

The Internal Auditing section of the International Professional Practices Framework defines internal auditing, explains its function inside an organization, and lays out the standards for professional conduct (IPPF). The IPPF and its contents can be found under the Global professional guidance section of the site.
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