Operational internal audit

This refers to the audit of an organisation’s management and internal controls by its internal auditors.

Operational internal auditing is itself an internal control to provide assurance to management that the organisation’s policies, procedures and controls are being properly applied. 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 operational internal audit controls, organisations may be able to reduce the work and cost required for the statutory audits of their financial statements.

Operational internal auditing is a term normally found in risk and control.

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