What are the main three component parts of internal auditing (assurance activities)?

• 1.Controlling the Environment.
• 2.Integrity and Ethical Values.
• 3.Risk Assessment.
• 4.Company-wide Objectives
• 5.Information and communication

1.Revenue loss should be minimised.

2.Continuous monitoring of accounting records and related developments.

3.Operational audit helps to improve our organisational process efficiancy

4.Msiappropriation of company resurces sholud be avoided thru continuous internal auditing