Internal audit is an independent and objective appraisal service within an organisation. Internal audit primarily provides an independent and objective opinion on risk management, control and governance, by measuring and evaluating their effectiveness in achieving the service’s agreed objectives.
An examination of a company's records, policies, and procedures that is conducted by the company's own employees to ensure that service standards are met, data recorded in the company's files is accurate and complete, and established procedures are being followed. Contrast with external audit.
The process of conducting an in-house examination of one or more of an organization's processes, functions, programs, etc.
An appraisal activity conducted by auditors working for and within an organization of the diverse operations and controls within the organization to determine whether prescribed policies and procedures are followed, established standards are met, resources are used efficiently and economically, and the organization's objectives are being achieved.
an audit conducted by the SQA staff of the software developer
an independent, objective assurance and consulting activity designed to add value and improve an organization's operations
An audit of a business's policies, procedures, operations, and records carried out by employees of the business as opposed to outside parties.
Internal audit means audits conducted by or on behalf of the organisation itself for internal purposes. From AQTF Standards for RTOs
an independent, objective appraisal or the review of operations for senior management. 17.2
An independent source of assurance about the management of risks and the operation of the control system that assists management of an organization in the effective discharge of their responsibilities.
An independent appraisal function established within an organisation to examine and evaluate its activities as a service to the organisation. The objective of internal auditing is to assist members of the organisation in the effective discharge of their responsibilities. To this end, internal auditing furnishes them with analyses, appraisals, recommendations, counsel and information concerning the activities reviewed (Institute of Internal Auditors - UK).
An Audit carried out by staff within an organisation that often checks whether policies and procedures are being followed in practice.
A staff department that is responsible for performing operational audits of the stores. The areas audited include pricing, receiving, bookkeeping and security areas.
An audit performed by an entity's own employees.
An audit by a company's own personnel to determine the effectiveness of accounting procedures. An internal auditor verifies the reliability of accounting records, determines the safeguarding of company assets, and determines that management's policies are being carried out.
Internal audit is the name given to an independent appraisal function established within a business to examine and evaluate its activities as a service to the business. The objective of internal auditing is to assist members of the business in the effective discharge of their responsibilities. To this end, internal auditing furnishes them with analyses, appraisals, recommendations, counsel and information concerning the activities reviewed. (See also audit)
an independent objective assurance and consulting activity designed to add value and improve an organisation's operation
AUDIT performed within an entity by its staff rather than an independent certified public accountant.
An audit performed by a person (or persons) employed by the firm being audited.
Internal auditing is a management-oriented discipline that has evolved rapidly since World War II. Once a function primarily concerned with financial and accounting matters, internal auditing now addresses the entire range of operating activities and performs a correspondingly wide variety of assurance and consulting services.
