Internal audit means an independent appraisal activity established within a state agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the agency.
Internal audit means an independent appraisal activity within an agency for the review of operations as a service to management, including a systematic examination of accounting and fiscal controls to assure that human and material resources are guarded against waste, loss, or misuse; and that reliable data are gathered, maintained, and fairly disclosed in a written report of the audit findings.
Internal audit means a process to measure, evaluate and report to the management of an entity on the efficacy of the system of internal control used to ensure the validity of financial and other information;
Examples of Internal audit in a sentence
Internal audit must report on its conclusions to the Financial Supervisory Authority no less frequently than once each year.
Internal audit shall report regularly to the Board of Directors and Audit Committee on its activities.
More Definitions of Internal audit
Internal audit means an independent appraisal activity
Internal audit means the audit of local offices, conducted by the benefit payment control section, to ensure that proper procedures and policies are being adhered to by local workforce development center personnel.
Internal audit means a process to measure, evaluate and report to the Board on the adequacy and effectiveness of the system of internal control, risk management strategies and governance of the organisation used to ensure the validity of financial and other information;
Internal audit means an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organisation;
Internal audit means an independent appraisal activity established within a local education agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the local education agency.
Internal audit means any audit of the licenceholder carried out by it or at its request, except an external audit.
Internal audit means a review of transactions and records performed by a District employee, typically a member of the business department, for the primary purpose of determining compliance with law, rules, and District policies, procedures, and internal controls.