Internal audit definition

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.

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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;

Internal audit means an independent appraisal activity

Examples of Internal audit in a sentence

For all aspects of audit assurance, objective examination of evidence for assessment to confirm compliance with funding rules or relevant frameworks, risk management advice and internal controls in line with departmental and Governmental Internal Audit Standards and professional standards.
Vendor also agrees to reasonably cooperate with any independent inquiries made by Citizens’ Office of Internal Audit and Office of the Inspector General.
Upon conclusion of the 2 CFR 200 audit, the Local Agency shall be responsible for ensuring that a copy of the report is transmitted to the Utah Department of Transportation, Internal Audit, ▇▇▇▇ ▇ ▇▇▇▇ ▇, ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.
Head of Internal Audit/ Finance Director/ External Audit firm (delete as applicable) Date:……………………………………………………….
The Administrative Agent and Participating UN Organizations will be audited in accordance with their own Financial Regulations and Rules and in accordance with the Framework for Auditing Multi-Donor Trust Funds which has been agreed to by the Internal Audit Services of Participating UN Organizations and endorsed by UNDG.

More Definitions of Internal audit

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 an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organisation;

Internal audit means the Management Audit Unit.

Internal audit means any audit of the licenceholder carried out by it or at its request, except an external audit.

Internal audit means the internal activity of performing independent, objective assurance and consulting to evaluate and improve the effectiveness of company operations, risk management, internal controls, and governance processes.

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 activity established and maintained for the purposes of this Act.