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.