Internal audit definition

Internal audit means an independent appraisal activity established within a state agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the agency.

Internal audit means an independent appraisal activity within an agency for the review of operations as a service to management, including a systematic examination of accounting and fiscal controls to assure that human and material resources are guarded against waste, loss, or misuse; and that reliable data are gathered, maintained, and fairly disclosed in a written report of the audit findings.

Internal audit means a process to measure, evaluate and report to the management of an entity on the efficacy of the system of internal control used to ensure the validity of financial and other information;

Examples of Internal audit in a sentence

• The Ontario Internal Audit Division may also carry out an internal audit, if approved to do so by the Ministry’s Audit Committee or by the Corporate Audit Committee.

• A copy of the audit report must be submitted to the STATE (IDOT’s Office of Internal Audit, Room 000, 0000 Xxxxx Xxxxxxx Xxxxxxx, Springfield, Illinois, 62764) within 30 days after the completion of the audit, but no later than one year after the end of the LPA's fiscal year.

• The BOF is subject to periodic review and value-for-money audit by the Auditor General of Ontario under the Auditor General Act or by the Ontario Internal Audit Division of Treasury Board Secretariat.

• Citizens’ enabling statute establishes the Office of Internal Audit (“OIA”).

• Internal Audit of the Commission is undertaken by the Scottish Government Internal Audit Directorate.

More Definitions of Internal audit

Internal audit means an independent appraisal activity

Internal audit means the audit of local offices, conducted by the benefit payment control section, to ensure that proper procedures and policies are being adhered to by local workforce development center personnel.

Internal audit means the Management Audit Unit.

Internal audit means a process to measure, evaluate and report to the Board on the adequacy and effectiveness of the system of internal control, risk management strategies and governance of the organisation used to ensure the validity of financial and other information;

Internal audit means an independent appraisal activity established within a local education agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the local education agency.

Internal audit means an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organisation;

Internal audit means any audit of the licenceholder carried out by it or at its request, except an external audit.