The Role And Importance of Internal Audit

The advantage of getting independent observers in our own company is certainly priceless. Consistent with our experience, the interior audit function has greater value when it doesn’t have a dependency relationship with the audited entity, following most of the auditing standards that talk to us about the independence of the auditor.

Normally, large companies have highly structured internal audit departments, however most small and medium-sized companies also need this function at an inexpensive cost.

To contribute to those investigating the interior audit function, here are some questions and answers.

What does the interior audit function include?

The internal audit functions are often

composed of a team of consultants, a department, or other professionals

who provide independent services and assurance and consultation objectives, designed to feature value and

improve the operations of a corporation.

Benefits of the interior audit function:

The internal audit function contributes to organizations with a scientific and disciplined approach to assess and improve the effectiveness of risk management and control processes.

We speak of a scientific approach thanks to scheduled tasks supporting the detected risk, risk and response. The advantage of discipline is that it’s applied a day and isn’t sporadic.

Benefits of conducting internal quality audits:

The internal audit function monitors the operation of internal controls designed by management. Within the

company, a neighborhood of the team designs policies and procedures to realize success and therefore the

internal audit function ensures that these policies and

procedures are complied with and also adds value to the

organization by giving recommendations to correct control weaknesses and to enhance performance.

process efficiency.

Quality audits have increased their prominence in recent years with the promotion of ISO 9001 certification.

reviewing whether the organization’s QMS,

It complies with the wants of the ISO 9001:

2015 standard, also like the wants of the system that the organization has established,

verifying that the QMS has been correctly

implemented and effectively maintained.

the interior quality audit isn’t only obligation,

should be seen as an excellent source of advantages for the organization,

the most ones are the following:

1.   Allows the most managers of the organization to form decisions supporting the standard management situation, to redirect actions, if necessary, towards the achievement of the planned objectives.

2. They allow the standard management procedures that the organization has documented to be

compared with the observed practices, detecting those cases that at the request of clients,

3.   The existing defects within the different quality management processes of the organization often identified. improved internal communication, through informative meetings the findings of internal audits transmitted, encouraging staff to told of both their operations and people of the remainder , avoiding incorrect actions thanks to misinformation.

4.   Aspects which will become serious detected, even giving rise to sanctions just in case of non-compliance.

5.   You will be ready to uncover potential waste disposal opportunities, which is vital because it features a direct impact on manufacturing efficiency.

6.  The audit allows you to spot deficiencies within the way during which the organization’s


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