DEFINITION OF INTERNAL AUDITING

Internal Auditing is defined by The Institute of Internal Auditors, Inc. as, “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 bring a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.”

Internal Audit adheres to the International Standards for the Professional Practice of Internal Auditing as promulgated by The Institute of Internal Auditors, Inc.