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  2. Internal audit - Wikipedia

    en.wikipedia.org/wiki/Internal_audit

    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. 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 ...

  4. Internal auditor - Wikipedia

    en.wikipedia.org/wiki/Internal_auditor

    An internal auditor is responsible to the Board functionally and administratively to the management of the company, and the auditor submits the report to the Board. Their job description is said to include financial record examination, compliance analysis, risk management, and theft and fraud detection skills, along with good communication.

  5. Chief audit executive - Wikipedia

    en.wikipedia.org/wiki/Chief_audit_executive

    41% were "very satisfied" with the internal audit function, while 52% were "somewhat satisfied." Two-thirds felt the chief internal audit position was for a professional internal auditor, rather than as a "stepping stone" to other roles.

  6. Control self-assessment - Wikipedia

    en.wikipedia.org/wiki/Control_self-assessment

    The Institute of Internal Auditors based its control self-assessment methodology on the Total Quality Management approaches of the 1990s as well as the COSO's framework. The methodology became part of the International Standards for Professional Practice of Internal Auditing and was adopted by a large number of major organisations. [16]

  7. Audit management - Wikipedia

    en.wikipedia.org/wiki/Audit_management

    This is performed by the companies internal auditing team, this can help companies improve because strengths and weaknesses are identified. Senior internal audit managers need to manage the responsibilities of what different people want. [1] Like all supervisor that are part of the business there is a need to:

  8. Audit - Wikipedia

    en.wikipedia.org/wiki/Audit

    The IIA has defined internal auditing as follows: "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 ...

  9. SSAE No. 18 - Wikipedia

    en.wikipedia.org/wiki/SSAE_No._18

    SSAE 18 also identifies other relevant roles not directly engaged in the audit: [18] AICPA, which publishes the audit standards and code of ethics that the responsible or engaged parties are expected to follow; Subservice organization, A service organization used by a service organization that is the responsible party; and

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