Internal Auditing as an Instrument for Effective Management

Internal Auditing as an Instrument for Effective Management

Internal Auditing – According to millichamp (1988:548): internal auditing is an independent appraisal activity within organisation for the review of operations as a service to the management.  Internal audit is a management control, which measure and evaluate the effectiveness of other controls. Settler (1971:15) defined internal auditing as independent appraisal activities within an organistion for the review of accounting, financial and other operations as a basis for service to management.  It adds that the internal auditing is a management controls which functions by measuring and evaluating the effectiveness of other controls. [Read more…]