What is Internal Auditing?
Internal auditing helps organizations identify errors, improve processes, and ensure compliance with regulations.
Definition
Independent review of operations and processes.
Ensures accuracy and compliance.
Benefits
| Benefit | Description |
|---|---|
| Error Detection | Identifies mistakes and discrepancies early |
| Fraud Prevention | Minimizes risk of financial fraud |
| Efficiency | Improves operational processes |
Techniques
Audit trails and reports.
Segregation of duties.
Future Trends
AI-assisted auditing.
Continuous real-time monitoring.
