- This question aims to explore the distinctions between internal and external audits, highlighting how internal audits provide ongoing evaluation and recommendations for improvement from within...
- This question seeks to elucidate the typical phases of an internal audit, such as planning, execution, reporting, and follow-up, and discusses strategies for ensuring that audit recommendation...
**What are the primary objectives and goals of conducting an internal audit within an organization?
2. **How does the internal audit process ensure compliance with relevant laws, regulations, and company policies?
3. **What roles and responsibilities do internal auditors have in identifying risks and recommending improvements?