Internal Audit

What Does Internal Audit Mean?
An audit performed by a person (or persons) employed by the firm being audited.

Investopedia explains Internal Audit
Internal audits have quickly become an important aspect of corporate governance, thanks mainly to the Sarbanes-Oxley Act of 2002.

Related Terms

Audit
Comfort Letter
Corporate Governance
Independent Audit
Internal Controls
Material Weakness
Sarbanes-Oxley Act Of 2002
More Related Terms

Related Links

An Inside Look At Internal Auditors - Find out why these number crunchers are part of every chief officer's dream team.
IT Security Auditing - Find out about this promising career that can match IT with business studies.
Examining A Career As An Auditor - Stricter government regulations have put auditing professionals in demand.
Avoid An Audit: 6 "Red Flags" You Should Know - Don't make yourself a target - steer clear of these attention-grabbing tax-filing practices.
Surviving The IRS Audit - Keeping thorough records and knowing the penalties make this experience easier than you'd expect.

Rate this Term: Your Rating: Overall Rating: Vote Now!