internal audit

(redirected from Internal audit staff)
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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.
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References in periodicals archive ?
Citing an ongoing probe, neither Bush nor his aides offered details about how the audit of Alamo Complex Management - prepared by his agency's own internal audit staff - was changed or who changed it.
PESHAWAR -- Khyber Pakhtunkhwa Assembly's Selection Committee Tuesday decided that all the requirements must be fulfilled according to rules and consideration of provincial assembly regarding regularization of Internal Audit Staff.
Both of these impact MS-DRG assignment, yet sometimes these scenarios are not evident to internal audit staff.
Meet with the internal audit staff and ask about any areas of concern they may have, and about comments that have been noted in multiple audits.
He will provide leadership and direction to the Internal Audit staff and will serve as an internal consultant to business leadership on technical, operations, systems and financial control matters.
The third private member Bill of the Sardar Aurangzeb Nalotah, Shah Hussain Khan and Jaffar Shah namely the Khyber Pakhtunkhwa Zakat Internal Audit Staff (Regularization of Services) Bill, 2015 was referred to the Select Committee of the House.
In continuous auditing, the internal audit staff uses technology to analyze data frequently for early identification of outliers.
With appropriate support from the Board of Directors' Audit Committee, the internal audit staff is in the best position to gather intelligence on inappropriate accounting practices, inadequate internal controls, and ineffective corporate governance.
The framework agreement will cover a range of internal IT auditing services, but in the main shall include: the development of IT audit plans; risk assessments on IT systems, equipment and services; undertaking audit reviews and reports; and providing advice to internal audit staff on IT audit matters.
The rotational model can be applied to the chief audit executive (CAE) position, to internal audit staff positions, or to both simultaneously.
The report - produced by the 12-strong Panel chaired by former Labour Police Authority chairman Cllr Bill Weightman - also raises concerns about "the reduction in senior management resources, a reduced number of dedicated internal audit staff and no specifically dedicated resources for governance support or performance management".
Given the importance of internal audit's role in the context of the overall internal control structure, it may be more important to design an internal control function for the PRC that is aligned with the specific risk profile for company operations in the PRC than to just emulate and extrapolate what the internal audit staff does elsewhere in the world.

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