Insurance Auditor Interview Question:

Tell me why internal audit is necessary?

Submitted by: Muhammad

Internal Audit is necessary to

☛ Enhance the size and complexity of businesses
☛ Increase the compliance requirements
☛ Focus on risk management and internal controls to manage them
☛ Unconventional business models
☛ Stringent norms implemented by regulators to protect investors
☛ Intensive use of information technology
☛ Increasingly competitive environment
Submitted by: Muhammad