Internal control is a system that comprises of control environment and procedure, which help your organization in achieving business objectives, it will help ensure the delivery of internal audit work reports of a consistently high standard and assured quality, particularly, continuous auditing offers another way to understand risks and controls and enhances sampling from periodic reviews to ongoing testing.
Organizations with an existing internal audit program should review results to ensure audit objectives are being met and to identify opportunities for improvement, integrated risk management and control information enables your audit team to easily align objectives with other stakeholders, furthermore, an auditor uses audit assertions and procedures to perform tests on your organization policies, guidelines, internal controls, and financial reporting processes.
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