Value is provided by improving opportunities to achieve organizational objectives, identifying operational improvement, and/or reducing risk exposure through both assurance and consulting activities.
Internal audit provide assurance on the organization's governance, risk management, and control processes to help the organization acheive its strategic, operational, financial, and compliance objectives.
Internal audit is a catalyst for improving an organization's effectivness and efficiency by providing insight and recommendations based on analysis and assessment of data and business process.
With commitment to integrity and accountability internal audit provides value to governing bodies and senior management as an objective source of independent advice.
The river is a continious flow of water from the evaporated sea water in the form of rain and eventually increases the river flow. If we construct a dam, we can create value by producing:
- Fish farming
- Drinking and cleaning water ...etc
So internal auditors by helping management construct a control framework around a material, information, cash, human and document flow can transform the business by enhancing the creation of values suitable for clients need.