As per the standards on Internal Audit, the definition of Internal audit is,
“An independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto and add value to and strengthen the overall governance mechanism of the entity, including the entity’s strategic risk management and internal control system.”
Internal Audit is an independent function established within an organization to examine and evaluate its activities as a service to the organization.
Applicability of Internal Audit differs from organisation to organisation. It is advisable to get it carried out even if it is not applicable to detect the chances of fraud & errors and review the effectiveness & efficiency of internal control operations of the organisation.
Puneet Bajaj & Co provides Internal Audit Services in Delhi by following proper Internal Audit Process. The scope of the internal audit includes a review of:
Why Choose Us for performing Internal Audit: