Internal audit is a systematic evaluation of an organization’s processes, controls, and operations conducted by an internal audit department or team. Its primary purpose is to provide independent assurance to management and the board of directors regarding the effectiveness of internal controls, risk management, and governance processes.

Internal auditors examine various aspects of the organization, including financial systems, operational processes, compliance with policies and regulations, and the safeguarding of assets. They identify areas of risk, inefficiency, or non-compliance and make recommendations for improvement.

Internal audit helps organizations achieve their objectives by identifying opportunities to enhance efficiency, strengthen internal controls, and mitigate risks. It also plays a crucial role in promoting transparency, accountability, and integrity within the organization.