Get in Touch
Your contact details will not be shared

What is Internal Audit Support?

The evaluation of a company’s internal controls (corporate governance) to ensure compliance with contemporary legal policies is called internal audit.

Documents required for the process:

  • Receipts and payment books
  • Bank statements
  • Bank reconciliation
  • Minutes for the audit year
  • Payroll details
  • Insurance cover
  • Assets Register
  • Risk Assessment
  • Annual return sheet for the previous and current yea

What is the process of registration?

  • Planning – Discussing the audit scope and objectives and forming an internal control questionnaire
  • Assessment – Includes fieldwork, evaluation, and testing
  • Reporting – Discussing Audit findings and assessment results
  • Follow-up – Confirmation of planned actions and Audit response verification

Frequently Asked Questions

  • Internal auditing strives to bridge any gap between the management and the Board. It serves as a safety net for an organization to make sure that it follows basic procedures and legal matters.
  • According to the IIA International Professional Practices Framework, the International Standards for the Professional Practice of Internal Auditing (Standards) guides the internal audit profession.