What is Internal Auditing? Internal auditing is an internal process for facilitating organizations to meet their objectives. It is concerned with checking and improving the effectiveness of different management systems in an organization.
Systematic, Independent and documented process for obtaining audit evidence [records, statements of fact or other information which are relevant and verifiable] and evaluating it objectively to determine the extent to which the audit criteria [set of policies, procedures or requirements] are fulfilled
The Intent of Internal Audit is
To provide and implement a process for providing a regular feedback/confirmation/monitoring on the continued adequacy, conformity and effectiveness of QMS
The outcome of Internal Audit is Continued conformity and effectiveness of QMS
Phases of Internal Audit
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Audit Preparation
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Auditing
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Audit Reporting
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Audit Followup and Closure