Internal Audit identifies all auditable activities and relevant risk factors, and assesses their significance through an annual risk assessment, utilizing the Committee of Sponsoring Organization's ...

Internal and external audit systems provide companies with a method for testing internal controls, a process that can help detect or prevent fraud while making sure the company stays compliant, stops ...

A small business's internal control system can only be as strong as the rules, policies and procedures put in place to detect fraud, waste or abuse and protect its financial and physical assets.

Protiviti has released a white paper titled "Next Generation Internal Audit: AI and Human Collaboration Leading the Transformation of Internal Audit," which combines the perspectives of the ...

LAHSA has long had a process for auditing itself, but they hadn’t been happening as scheduled in recent years. The internal ...

Internal auditing is a process that organizations, including nonprofits and businesses of all sizes, use to analyze and improve internal procedures. The scope and frequency of internal audits depends ...

Annual Audit Plan – An annual audit plan is developed by the Director of Internal Audit based on a university-wide assessment of risk and where Internal Audit can make the greatest impact. Input from ...

Financial risks focus on managing the risks of potential loss of physical assets and financial resources. Business risks include contracts, cash and investments, revenue, and inventory. Operational ...