Internal audit is a process within organizations to review and assess their operations, ensuring compliance with policies, regulations, and efficiency standards. It’s like a health checkup for a company, conducted by its own employees or an internal team. Internal auditors examine financial records, risk management practices, and overall business processes to identify weaknesses, fraud, or areas needing improvement.
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Internal Audit PPT: Meaning, Purpose, Types, Functions
They provide recommendations to enhance controls and procedures, helping the organization run smoothly and avoid potential issues. By ensuring accuracy and accountability, internal audits support better decision-making and maintain the trust of stakeholders, ultimately contributing to the organization’s success and integrity.
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Table of Content for Internal Audit PPT
- Introduction
- What is internal audit?
- What do internal auditors do?
- Structure of Internal Audit
- The Purpose of Internal Auditing?
- Need For internal audit
- Benefits Of Internal Audit
- Types of Internal Audit
- Internal Audit Functions
- The difference between internal and external audit
- Conclusion