Services of Internal Auditor to Management The services of an Internal Auditor to the management on various lines are summarized below. 1. New Business Lines The internal auditor
Evaluation of internal control on loans and advances 1. The internal control system should ensure that the borrowings and advances are within the limits and the persons involved
Internal Audit is a control that is concerned with the examination and appraisal of other controls. The ultimate purpose of internal audit is protection of the properties or
Internal Audit and Independent Financial Audit comparison The following table lists some of the comparisons between Internal Audit and independent Financial Audit in terms of Objectives, Evaluation of
Understanding Internal Audit Internal audit reviews and analyses the attributes of an organization, provides counsel and recommendation to the members of the organization to perform the duties effectively.