What is an Internal Audit & Assessment?
Internal audit and assessment is an independent, objective evaluation of an organization's operations and systems. The aim of internal audit is to assess the effectiveness and efficiency of internal controls, risk management, and governance processes. This helps organizations identify areas for improvement and make informed decisions to enhance performance and achieve their objectives. The internal audit process typically involves conducting a risk assessment, evaluating internal controls, testing operations, and providing recommendations for improvement. The ultimate goal of internal audit is to promote accountability, transparency, and good governance within an organization.
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