purpose Of Internal audit
Answers
The prime purpose of the audit is to form an opinion on the information in the financial report taken as a whole, and not to identify all possible irregularities. This means that although auditors are on the look-out for signs of potential material fraud, it is not possible to be certain that frauds will be identified.
Answer:
Internal auditing is an objective assurance and consulting activity designed to add value and improve an organization's operations. It can help an organization accomplish its strategic objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. Crowe member firms’ Internal Audit services help boards and senior executives better manage enterprise risks. Crowe professionals help organizations enhance the effectiveness, quality, and value received from internal audit. Crowe’s broad understanding of risks and areas of operational improvement — specially the distinctions of specific industry sectors and markets — can help internal audit functions improve their performance and operating efficiency and bring value to their organizations.