Internal Audit
An audit performed by a person (or persons) employed by the firm being audited.
Investopedia Says:
Internal audits have quickly become an important aspect of corporate governance, thanks mainly to the Sarbanes-Oxley Act of 2002.
Related Links:
Don't make yourself a target - steer clear of these "red flag" actions. Avoiding An Audit
Keeping thorough records and knowing the penalties make this experience easier than you'd expect. Surviving The IRS Audit





