Do organizations in the region, whether private or governmental, give due importance to Internal audit?

well it is considerably important to a well established organisation to make periodical internal audit, which in turn help the organisation to have good records of company over long time, and can evaluate the internal expenses.

Yes, I beleive internal audit is important doesnt  matter  if is private or governamental industries.  Crystal clear in all topics and processes.   No fear to audits because is the best way to see if the things are going in a good way or not  

Internal Audit is a tool of control to measure and evaluate the effectiveness of the working of an organization primarily with accounting, financial and operational matters.
This is where every as a governments and private sectors, all organization wants to keep the records is completely and properly they wants to found company financial reports.
Internal audit is to ensure that the work of the company is going on smoothly, efficiently and economically and that all the laws, rules and regulations governing the operations of the organization are adhered to, besides ensuring that an Effective internal control system exists to prevent errors, frauds and misappropriations.