This refers to the audit of financial records and accounts by an organisation’s internal auditors.
Financial internal auditing is an internal control to provide assurance to management. It may also provide assurance, subject to review, to external auditors in arriving at their audit view of the organisation’s accounts. By demonstrating sound financial internal audit controls, organisations may be able to reduce the work and cost required for the statutory audits of their financial statements.
Financial internal auditing is a term normally found in risk and control.
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