Internal Audit: Key Elements
The internal audit service has been established in many Indian companies. Interest in it has been growing over the past years due to many factors, such as: - The need for owners and managers to control the processes at the enterprise; The need of the board of directors for an independent source of information about the state of affairs in the company. And what is an internal audit? Is it necessary at the enterprise? Internal audit is an activity aimed at providing independent and objective guarantees, as well as consultations aimed at improving the organization's activities. Internal audit has the following characteristics: Independence- separation of functional and administrative subordination of the internal audit service (administrative subordination to the management, and functional subordination to the founders. Objectivity- the ability of best audit firms in Delhi to form impartial assessments and conclusions. Optimization and increasing the efficiency of the organization. ...