What are the importance of internal audit to the organization?

Submitted by: Administrator
An audit helps keep track of where the money is going and makes sure the money is going where it is supposed to and not in someone's pocket. An audit can also help a company know if it is losing or making more money.
Submitted by: Administrator

It includes the followings:
1.continuous testing of internal control system.
2. help management on risk management .
2.Advisory role to management on areas to improve for growth and development.
3.Auditor report help managment in taking decision that could have been dificult if internal audit is not in place.
4.Internal audit help management in investigation of infringment cases and prevention of fraud.
Submitted by: Abu Yusuf Boyede

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