The audit used to be an opinion on whether the accounts reflected a company's financial position – now it is just compliance to increasingly complex standards
Applied Corporate Governance The (Ir)Relevance of the modern audit
Internal auditing is 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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