Briefing Document
Internal auditing is an independent, objective consulting and assurance activity designed to improve and add value to an organizations operations. In other words, an internal audit function helps an organization achieve its objectives by bringing a systematic, disciplined approach to improve and evaluate the effectiveness of control, risk management, and governance processes through various procedures. There is no concept of materiality in internal auditing. Internal auditors determine whether:
• Operating and financial information is reliable and accurate.
• Risk is minimized and identified to the enterprise.
• Acceptable internal policies, external regulations, and procedures are followed.
• Operating criteria are met and are satisfactory.
• Resources are used economically and efficiently.
• Organizational objectives are effectively attained.
Although internal auditors are independent of the activities they audit,......

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Title: Internal Auditing
Approximate Word Count: 2335
Approximate Pages: 10 (250 words per double-spaced page)

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