internal audit

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in·ter·nal au·dit

(in-tĕr'năl aw'dit)
An assessment of records and data in a business or professional organization by an employee of that organization to verify that documentation and operations are accurate and legal.
Medical Dictionary for the Health Professions and Nursing © Farlex 2012
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Punjab government needs to direct all such companies to carry out internal audits. It is a legal obligation that all public companies need to fulfil.
The author covers the form, figures, tables, and reports that go into standard internal audits; the necessary information needed to start, complete, and evaluate and internal audit; the methods needed to assure quality throughout the auditing process; and many other related subjects.
His Job: As internal audit director for the University of Arkansas System, Flournoy monitors and analyzes the UA's internal control structure and directs internal audits and coordinates external audit contracts over the UA System's $3.8 billion in assets, $2.5 billion in revenue and $2.4 billion in expenses.
In the Middle East opportunities exist for internal audits to take a lead in risk awareness
ISO 9001:2008 internal audits made easy; tools, techniques and step-by-step guidelines for successful internal audits, 3d ed.
* Ensure that the internal audits conducted by the Office of Internal Auditing conform to the Institute of Internal Auditors' international standards for the professional practice of internal auditing and to the Institute's code of ethics
Every school district must be able to do internal audits.
In a contemporary setting, internal audits (1) support the audit committee; (2) secure assurance on risk management, control, and governance systems; (3) provide consulting on risk management, control, and governance systems; and (4) obtain compliance with laws, reglations, and contracts.
Part Four, "Areas for Operational Auditing," is the book's best feature, It first discusses the financial, information systems, and operational portions of such internal audits. It then describes specific areas along with appropriate controls, audit procedures or questionnaires, and report findings and recommendations.
Credicorp monitors the activities and operations of its subsidiaries, including Bank, through regular internal reporting requirements and annual internal audits. Credicorp has adopted uniform internal control and auditing policies and procedures applicable to all companies in the group.