What is internal audit? 
Your insider’s guide to internal audit from specialists in business assurance for over 20 years. 

Internal audit is a process of examining and evaluating the activities, operations, and systems of an organisation. It helps to ensure that the organisation is complying with relevant laws, regulations, standards, and best practices. It also helps to identify and mitigate risks, improve performance, and enhance governance. 

Internal audit can benefit businesses of all sizes, from small start-ups to large corporations. It can help them to: 

  • Protect their assets and reputation by preventing fraud, errors, and misconduct. 
  • Improve their efficiency and effectiveness by streamlining processes, reducing costs, and increasing productivity. 
  • Achieve their strategic objectives by aligning their activities with their vision, mission, and values. 
  • Enhance their stakeholder confidence by providing assurance, transparency, and accountability. 

Internal audit is not a one-time event, but a continuous and proactive process. It involves planning, executing, reporting, and following up on audit activities. It requires the cooperation and collaboration of the management, the board, the audit committee, and the external auditors. 

Internal audit is an essential function that can help businesses of all sizes to achieve their goals and overcome their challenges. It can provide valuable insights, recommendations, and solutions that can improve the quality and performance of the organisation. 

Get your free internal audit guide to find out how you can improve your business – 
Internal Audit Guide

Adsure Services PLC, in partnership with TIAA Ltd, have developed innovative and effective solutions tailored to your specific needs – visit our Internal Audit page to find out more and Contact Us to speak to one of our experts.