Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It brings a systematic, disciplined approach to evaluate and enhance the effectiveness of risk management, control, and governance processes. Internal auditors assess various aspects, including emerging technologies, global issues, ethics, quality, economy, and efficiency. Their goal is to ensure that internal controls are adequate to mitigate risks and that governance processes are effective and efficient. In summary, internal audit plays a crucial role in helping organizations achieve their objectives by ensuring effective risk management, strong controls, and sound governance processes.
As internal auditors and audit managers, we recognize that thorough risk assessments are the backbone of effective audit management. This blog post explores how risk assessment informs audit planning and…
The COSO framework is a cornerstone of effective internal audit practices, providing a structured approach to risk management that is essential for today's complex business environment. This blog post delves…
The American Institute of Certified Public Accountants (AICPA) is a cornerstone of professional development for internal auditors and audit professionals. As a member, you gain access to a wealth of…
As a non-CPA accountant entering the field of internal auditing, you may wonder what it takes to succeed in this dynamic role. While technical skills are essential, there's an often-overlooked aspect that…
As an Internal Auditor, you play a critical role in ensuring the integrity and reliability of financial reporting within your organization. With the increasing complexity of regulatory requirements and industry…
As internal audit managers, you're constantly on the lookout for talented professionals to join your team and help drive compliance, risk management, and organizational improvement within your organization. However, many default to…
CCMA, which stands for Control, Corrective Actions, Monitoring & Auditing, is a critical framework for Internal Audit professionals. Understanding what CCMA entails and its relevance to risk management and compliance…
As internal audit professionals, understanding various frameworks that govern our work is crucial. One such framework that plays a critical role in IT auditing is COBIT (Control Objectives for Information…
As internal auditors, we face the challenge of ensuring that our organizations' internal controls and processes operate effectively to mitigate risks and achieve their objectives. For those wondering what is a CCMA, it…
In today's digital landscape, the reliance on technology has never been greater, making organizations increasingly vulnerable to cybersecurity threats. As business leaders, understanding the significance of IT audits is essential…