Internal & Special AuditGo Beyond the Standard to Provide You With Insights and Recommendations

About Internal Audit

Internal auditing is an independent, objective consulting activity designed to improve an organization’s operations. It may help an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes.

Internal auditing might achieve this goal by providing insight and recommendations based on analyses and assessments of data and business processes. With a commitment to integrity and accountability, internal auditing provides value to governing bodies and senior management as an objective source of independent advice.

The scope of internal auditing within an organization may be broad and may involve topics such as an organization’s governance, risk management, and management controls over: the efficiency/effectiveness of operations (including the safeguarding of assets), the reliability of financial and management reporting, and compliance with laws and regulations. Internal auditing may also encompass conducting proactive fraud audits to identify and investigate potentially fraudulent acts, and conducting post investigation fraud audits to identify control breakdowns and establish financial loss.