Methods and Procedures of Internal Auditing

The internal auditor’s approach to his/her work depends on how his/her role is defined in organizational chart but most of the internal audits are included in the following broad definitions

  1. Operational Audits – this means an audit of a specific set of operations such as the ones carried out on departments
  2. Functional Audits – this implies an audit of specific function within the such as the way the payroll is prepared
  3. Organizational Audits – this implies audits of the organizational setup.
  4.  Company Audits – in the modern business, companies are in groups and the internal audit may be the concern to audit one of those companies within the group
  5. Special or Ad hoc work – an internal is often considered a suitable person to engage in special investigation or trouble shooting assignment
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