Internal Audit

What is an Internal Audit?

An Internal Audit is a critical evaluation process within an organization that aims to improve operations by analyzing risk management, controls, and governance processes. It provides an objective and independent assessment to ensure resources are effectively utilized, compliance with laws and regulations is maintained, and organizational policies are adhered to.

Short Description: An independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

• Objective Assurance: Provides unbiased evaluations of a company's risk management and internal control processes.
• Consulting Activity: Offers advice and insights for efficiency enhancement, process improvement, and value addition.
• Operational Improvement: Identifies performance gaps and recommends actionable steps to bolster operational efficiency.

Internal audits are instrumental in enhancing strategic planning and operational effectiveness, thus ensuring that an organization can meet its goals and sustain performance over time.