Internal auditors are primarily involved in completing operational and compliance audits, although some perform financial audits of segments of their companies.

Internal audits help businesses track their revenue. A disadvantage of an internal audit is the fact that it requires human resources businesses can't really afford to dedicate to audits.

Internal audits help businesses track their revenue. A disadvantage of an internal audit is the fact that it requires human resources businesses can't really afford to dedicate to audits.

Standards are principle-focused and provide a framework for performing and promoting internal auditing.

An internal auditor is a company employee who independently and objectively evaluates the organization’s operations. The role of an internal auditor is to gather relevant and objective information about the organization. An internal auditor essentially serves as the eyes and ears of the company’s senior leadership and board of directors. Their assigned work may cover any area of an organization; however, their work should be directed by the audit committee. Internal audits have historically been aligned with accounting and financial reporting audits. However, there are other types of audits example, IT auditss, Operation audits and Performance audits.