Internal auditors make sure any issues that affect the prosperity of the business are dealt with. How do you view internal auditors' job? Why?

Internal auditors are very neccesory for the prosperity of any business in the world..

The main mission of the audit is to ensure the coherence annd effectiveness of the accounting control device. It is :

• The control of the compliance procedures
• Control of the adequacy of the procedures to the treatment of transactions recorded
• The control by sampling the first and second level of work
• Analysis of the reports of the revision
• The verification of the operation of the accounting system
• The verification of the figures announced by the second level
• The verification of periodic situations
• Monitoring of alert phases
• The controls on the spot, if necessary.

Internal auditors are very important for any firm , they are responsible for discovering and correcting mistakes before anyone else does , they increase the credibility of the firm .

Internal auditor identifies places where the company could work more effectively and efficiently. He must be focussed on details, be familiar with internal procedures and instructions. At the end auditor is foreseeing, he identifies the risks in the organization, bottlenecks in the processes and non-value added activities.

Internal Audit is the part of company processess which help company to identify weak areas and giving suggestion regarding improvements of company processess.

Internal Auditor make sure that people are following company Standard Operating Procedureds (SOP's) which is essential to run company operations effeciently and smoothly

Internal Auditors Liason with company external auditors as well.

As Internal Auditor continuesly involve in company whole operations that’s why any issue which affect company Prosperity dealt with on timely basis by internal Auditor and for future controls implemented on that issues.

 

   the auditors work in any  entity like safety valve    they can  find what will be harmful of the company 

 they working  on it , and delivering  the good recommendations regarding  and follow finical policies     

The work of an internal auditor differs to that of external auditors as they look at more than financial and accounting risks. They also consider factors such as reputation, growth, environmental impact, treatment of employees and ethics.

Their work helps senior management to provide evidence to stakeholders that they are managing the business effectively.

To be effective, the internal audit activity must have qualified, skilled and experienced people who can work in accordance with the Code of Ethics  and the International Standards.

The internal audit functions in monitoring activities have grown in recent years. The importance of internal audit opinions :as their role expandso, many auditors are providing opinions on governance, risk management, and internal control. They're effective for the prosperity of .any business

Internal Auditors may be highly effective for the prosperity of a business. It is basic job of an internal auditor to check whether company policies and procedures are being implemented in routine business or not. Internal Auditor also highlight the weak areas of busines and recommend steps for improvements. 

Internal Auditors report to the company management. 

Internal auditors are there to help you fix our errors.  I find them to be helpful.  They prepare us for the IRS and other external audit firms that may not show leniency and fine is for those errors.  In publicly traded companies the board of directors can create havoc if fines or garnishments are put onto a firm.  Moreover, most blacklisted firms are more often audited.