Why you should Outsource Internal Auditing

Namitha Aiyllath

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A successful enterprise is the one that is on a constant lookout for improvements in its operations, thus adding value to the firm. While majority of the companies strive for excellence, there are numerous others that remain stagnant for year or decades. What they lack is a systematic, disciplined approach, that can be made possible with an effectual internal audit team.

Internal auditing is an independent, objective assurance and consulting activity designed to add value and enhance an organization’s operations. It helps in evaluating and improving the effectiveness of risk management, control and governance processes.

Internal auditing sector has witnessed a massive growth in the last few years – the function has evolved from being a department responsible for conventional audits to a strategic partner that acts as the backbone of a business. Today, internal auditing is no less than a powerful tool that has the potential to shape the future of an organization.
 

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