What is an Internal Audit?
Internal Auditing, as defined by the Institute of Internal Auditors (IIA) in the International Professional Practices Framework (IPPF) :
“Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization鈥檚 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.”