Purpose of Internal Auditing

Internal auditing strengthens the organization's ability to create, protect, and sustain value by providing the board and management with independent, risk-based, and objective assurance, advice, insight, and foresight.

Internal auditing enhances the organization's:

• Successful achievement of its objectives.
• Governance, risk management, and control processes.
• Decision-making and oversight.
• Reputation and credibility with its stakeholders.
• Ability to serve the public interest.

Internal auditing is most effective when:

• It is performed by competent professionals in conformance with the Global Internal Audit Standards, which are set in the public interest.
• The internal audit function is independently positioned with direct accountability to the board.
• Internal auditors are free from undue influence and committed to making objective assessments.

All rights reserved to the Institute of Internal Auditors (IIA).