Meaning of the word "internal audit" in English
What does "internal audit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
internal audit
US /ɪnˈtɜːr.nəl ˈɔː.dɪt/
UK /ɪnˈtɜːr.nəl ˈɔː.dɪt/
Noun
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.
Example:
•
The company's internal audit department identified several areas for improvement in their financial controls.
•
An effective internal audit function is crucial for good corporate governance.
Learn This Word at Lingoland