Internal audit

Audit - assurance - risk management.

Internal audit is a function within an organisation that:

• Evaluates the effectiveness of governance, risk management and control processes; and
• Reports to the board of directors or other senior management.

See also

• Assurance
• Audit
• Auditing standards
• Auditor
• Auditors’ report
• Audit trail
• Board of directors
• Chartered Institute of Internal Auditors
• Control
• Developments in corporate and market regulation: implications for the treasurer
• Governance
• Risk management
• Third line of defence
• Value for money