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    Internal Auditing

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    rohit
    Internal auditing is an independent, objective function within organizations that helps improve operations by evaluating risk management and governance processes. Internal auditors assess topics like financial reporting, fraud prevention, legal compliance, and asset protection. They advise management and boards of directors but do not directly execute company activities. Public companies typically have internal audit departments led by a Chief Audit Executive who reports to the Audit Committee.

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    Internal Auditing

    Uploaded by

    rohit
    42 views1 page
    Internal auditing is an independent, objective function within organizations that helps improve operations by evaluating risk management and governance processes. Internal auditors assess topics like financial reporting, fraud prevention, legal compliance, and asset protection. They advise management and boards of directors but do not directly execute company activities. Public companies typically have internal audit departments led by a Chief Audit Executive who reports to the Audit Committee.

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    Internal auditing is an independent, objective function within organizations that helps improve operations by evaluating risk management and governance processes. Internal auditors assess topics like financial reporting, fraud prevention, legal compliance, and asset protection. They advise management and boards of directors but do not directly execute company activities. Public companies typically have internal audit departments led by a Chief Audit Executive who reports to the Audit Committee.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    42 views1 page

    Internal Auditing

    Uploaded by

    rohit
    Internal auditing is an independent, objective function within organizations that helps improve operations by evaluating risk management and governance processes. Internal auditors assess topics like financial reporting, fraud prevention, legal compliance, and asset protection. They advise management and boards of directors but do not directly execute company activities. Public companies typically have internal audit departments led by a Chief Audit Executive who reports to the Audit Committee.

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    Internal auditing 

    is an independent, objective assurance and consulting


    activity designed to add value and improve an organization's operations. It
    helps an organization accomplish its objectives by bringing a systematic,
    disciplined approach to evaluate and improve the effectiveness of risk
    management, control, and governance processes. Professionals called
    internal auditors are employed by organizations to perform the internal
    auditing activity.
    The scope of internal auditing within an organization is broad and may
    involve topics such as the efficacy of operations, the reliability of financial
    reporting, deterring and investigating fraud, safeguarding assets, and
    compliance with laws and regulations.
    Internal auditing frequently involves measuring compliance with the entity's
    policies and procedures. However, Internal auditors are not responsible for
    the execution of company activities; they advise management and the
    Board of Directors (or similar oversight body) regarding how to better
    execute their responsibilities. As a result of their broad scope of
    involvement, internal auditors may have a variety of higher educational and
    professional backgrounds.
    Publicly-traded corporations typically have an internal auditing department,
    led by a Chief Audit Executive ("CAE") who generally reports to the Audit
    Committee of the Board of Directors, with administrative reporting to
    the Chief Executive Officer.

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