INTERNAL AUDITING
An internal audit can ensure that an organization can secure timely compliance with law and regulations. The audit provides a degree ofsafety and helps manage risk emerging from fraud, abuse of power, or any others cenarios. An internal auditor provides the management with their objective assessment of the processes and accounts. The management can improve their operational and financial performance in an efficient and effective manner by using the services of an internal auditor. Internal Audit activity will add value to the organization’s risk management, controlling activity, operations, etc.
Every organization or board of directors are always very confident among theirfinance
department until a fraud or material erroris discovered. Some of them diagnose its
discovery through internal audit.Independent Internal Audit is always an effective tool
forself-analysis, that isforfinancial and non-financialreview.