Internal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organisation’s operations. It may help an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.Internal auditing might achieve this goal by providing insight and recommendations based on analyses and assessments of data and business processes.With commitment to integrity and accountability, internal auditing provides value to governing bodies and senior management as an objective source of independent advice. Professionals called internal auditors are employed by organisations to perform internal auditing activity.

The scope of internal auditing within an organisation may be broad and may involve topics such as an organisation’s governance, risk management and management controls over the efficiency/effectiveness of operations (including the safeguarding of assets.