Question

What Are The Importance Of Internal Audit To The Organization?

Answer 1

Internal auditing provides insight into an organization's culture, policies, procedures, and aids board and management oversight by verifying internal controls such as operating effectiveness, risk mitigation controls, and compliance with any relevant laws or regulations.

5 Reasons Why Internal Audit is Important : -

1. Provides Objective Insight

2. Improves Efficiency of Operations

3. Evaluates Risks and Protects Assets

4. Assesses Controls

5. Ensure Compliance with Laws and Regulations