What is the difference between internal audit,internal check and internal control?

Internal Audit :

An ongoing appraisal of the financial health of a company's operations by its own employees. Employees who carry out this function are called internal auditors. During an internal audit, internal auditors will evaluate and monitor a company's risk management, reporting, and control practices and make suggestions for improvement. Internal auditing covers not only anorganization's finance function, but all the operations and systems in a firm. While internal auditors are typically accountants, this activity can also be carried out by other professionals who are well-versed with a company's functions and the relevant regulatory requirements.Internal Check :

Accounting procedure or physical control to safeguard assets against loss due to fraud or other irregularities. Internal check is an element of internal control.

Internal Control : 

Systematic measures (such as reviews, checks and balances, methods and procedures) instituted by an organization to (1) conduct its business in an orderly and efficient manner, (2) safeguard its assets and resources, (3) deter and detect errors, fraud, and theft, (4) ensure accuracy and completeness of its accounting data, (5) produce reliable and timely financial and management information, and (6) ensure adherence to itspolicies and plans.

Audit: Verifying the Correctness to find out all kind of deviations in the defined format. 

Internal Check: This can be referred as system adopted to exercise check on the work done by subordinates by the immediate superiors onwards to verify and endorse the correctness of policies/transactions/regulations required so that the work should --not-- deviate from its objective.

Internal Control: Represents regulations exercised by the management on the practices and procedures to be followed at the implementation stage on the practices to maintained to restrict violations from rules and a check on the inappropriate activities.

 

 

Internal check and internal audit and internal control

Internal audit is the exercise to review critically all areas and suggest improvements. However, internal checks are only review of the procedure where one can see whether the database/entry is according to the procedures in place. Whereas internal control can be improved based upon the internal audit report, if noticed some shortfall in it.

Internal audit is a process of verifying the document and procedures on a regular basis it can be from external auditors or company appointed audir team.Internal chek is a cheking up of all procedural aspect which can be from any one from management.Internal control are the guidelines formed for performing particular operation.