What is the importance of internal audit department in an organisation?

The important of Internal Audit (IA) is very crucial from the controls and compliance perspective. The periodical review of each business / functions ensures that the objectives, user (SOP) manuals and controls are in place and provide assurance to Board Risk and Audit committees. This ensures proper Corporate Governance and Audit Risk controls are working effectively and efficiently.

Its keeps out books in good shape in the right interval. Internal Auditor will be more capable of understanding operational transaction in your company and what are the things to concentrate more on.