EFFECTIVENESS OF INTERNAL AUDIT IN BUSINESS ORGANIZATIONS

International Journal of Computer Science (IJCS) Published by SK Research Group of Companies (SKRGC)

Abstract

Internal auditing plays a critical role in ensuring the efficiency, effectiveness, and reliability of business operations. In the modern corporate environment, organizations face increasing challenges related to risk management, corporate governance, regulatory compliance, and fraud prevention. Internal audit functions provide independent assurance and consulting services that add value to organizations by improving operational performance and strengthening internal controls. This study examines the effectiveness of internal auditing in business organizations and analyzes its contribution to risk management, financial reporting, fraud detection, operational efficiency, and corporate governance. The paper also discusses the challenges faced by internal auditors and proposes recommendations for enhancing the effectiveness of internal audit practices. The findings indicate that an effective internal audit system significantly contributes to organizational growth, transparency, and sustainable performance

References

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Keywords

Internal Audit, Corporate Governance, Risk Management, Internal Control, Fraud Detection, Business Organizations, Financial Reporting.