internal audit
US /ɪnˈtɜːr.nəl ˈɔː.dɪt/
UK /ɪnˈtɜːr.nəl ˈɔː.dɪt/
1.
an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
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The company's internal audit department identified several areas for improvement in their financial controls.
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An effective internal audit function is crucial for good corporate governance.