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  2. Internal audit - Wikipedia

    en.wikipedia.org/wiki/Internal_audit

    e. Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. [1]

  3. External auditor - Wikipedia

    en.wikipedia.org/wiki/External_auditor

    An external auditor performs an audit, in accordance with specific laws or rules, of the financial statements of a company, government entity, other legal entity, or organization, and is independent of the entity being audited. [ 1 ] Users of these entities' financial information, such as investors, government agencies, and the general public ...

  4. Internal control - Wikipedia

    en.wikipedia.org/wiki/Internal_control

    The role and the responsibilities of the audit committee, in general terms, are to: (a) Discuss with management, internal and external auditors and major stakeholders the quality and adequacy of the organization's internal controls system and risk management process, and their effectiveness and outcomes, and meet regularly and privately with ...

  5. Institute of Internal Auditors - Wikipedia

    en.wikipedia.org/wiki/Institute_of_Internal_Auditors

    The Internal Audit Foundation is undertaking the initiative: "Internal Audit: Vision 2035 - Creating Our Future Together." This project is designed to identify what the internal audit profession will look like in 2035, how the IIA can elevate the value of internal audit during that time, and what steps must be taken to make that future a reality.

  6. Chief audit executive - Wikipedia

    en.wikipedia.org/wiki/Chief_audit_executive

    The chief audit executive (CAE), director of audit, director of internal audit, auditor general, or controller general is a high-level independent corporate executive with overall responsibility for internal audit. Publicly traded corporations typically have an internal audit [1] department, led by a chief audit executive ("CAE") who reports ...

  7. Auditor - Wikipedia

    en.wikipedia.org/wiki/Auditor

    An auditor is a person or a firm appointed by a company to execute an audit. [1] To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. Generally, to act as an external auditor of the company, a person should have a certificate of practice from the ...

  8. Financial audit - Wikipedia

    en.wikipedia.org/wiki/Financial_audit

    A financial audit is conducted to provide an opinion whether "financial statements" (the information is verified to the extent of reasonable assurance granted) are stated in accordance with specified criteria. Normally, the criteria are international accounting standards, although auditors may conduct audits of financial statements prepared ...

  9. Audit management - Wikipedia

    en.wikipedia.org/wiki/Audit_management

    Internal audit is a function set up within the organisation to reduce the risk of fraud in the organisation and runs according to the management commands. This is the main difference between internal and external audit where external auditors are independent of management and hence external auditors give an opinion on the financial statements ...

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