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The examination, monitoring and analysis of activities related to a company's operation, including its

business

structure, employee behavior and information systems. An internal audit is designed to review what a company is doing in order to identify potential threats to the organization's health and profitability, and to make suggestions for mitigating the risk associated with those threats in order to minimize costs.



Read more:http://www.investopedia.com/terms/i/internalaudit.asp#ixzz2NSSbF2nB

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