An Overview of Internal Audit Procedures

https://www.ucpaa.org/an-overview-of-internal-audit-procedures/ Use internal audit procedures for help with compliance, risk management, and more.

This clip centers on the important subject of corporate audits. It includes a discussion of both external and internal audit procedures. While watching this video, you’ll learn the benefits of internal audits and what to expect when they’re being performed. You’ll also learn the different purposes of internal and external audits.

Because this video deals with company self-assessment, it will be of great value to company executives and investors alike. After watching it, company stakeholders will understand the necessity of internal audits and how to execute them effectively. Lastly, this video will help prepare you for the next time an external auditor comes in to measure your level of industry compliance.

Internal audit procedures are designed to assess your company’s overall performance. In making these assessments, internal audits also help you reduce inefficiencies and improve your company’s risk management techniques. Most importantly, internal audits provide specific instructions on how you can improve in all these areas.

Although they do share some common ground, there are substantial differences between internal and external corporate audits. After viewing this clip, you’ll understand the different purposes they serve and who their intended audiences are. To sum up, this brief clip will help you practice the vigilance that success in today’s business world inevitably requires.

Видео An Overview of Internal Audit Procedures канала The United CPA Association