Internal Audit

An independent, objective assurance and consulting activity designed to add value and improve an organization's operations. An independent appraisal function within an organization designed to examine and evaluate its activities. The process of independent, objective assurance and consulting designed to add value and improve an organization's operations. An independent appraisal function within an organization designed to examine and evaluate its policies and procedures. An independent appraisal function within an organization designed to examine and evaluate its activities. The department responsible for independently examining and evaluating an organization's internal controls, governance, and risk management processes. An independent appraisal function within an organization that examines and evaluates the adequacy and effectiveness of other internal controls.