internal audit

• purpose?

  continual review of procedures, systems and policies of the business to ensure that these are being adhered to and working efficiently/effectively
• review of buisness procedure and policy?

  monitor, examine, test effectivity of establish internal control systems

  assess risk management

  assist management to improve internal control
• detection and correction of errors and deficiencies?

  internal auditor employ to give independent, objective assurance and consulting to add value and improve business operations

  Helps organisation accomplish objectives by bringing systematic, disciplined approach to evaluate and improve effectiveness of risk management, control and governance processes
• internal auditors?

  report to management

  identify errors/deficiencies and develop solutions to correct and minimise these