Definition 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 audi [..]

An audit undertaken by, or on behalf of, the administrators of the scheme. It only considers the administration of the scheme, its systems and processes, and whether potential risks are being adequate [..]

A staff department that is responsible for performing operational audits of the stores. The areas audited include pricing, receiving, bookkeeping and security areas.

AUDIT performed within an entity by its staff rather than an independent certified public accountant.

The procedure for a branch of a utility to audit the performance of its operations, management or finances.

The Head of Internal Audit has responsibility for providing the Clerk/Chief Executive, the Scottish Parliamentary Corporate Body and Audit Advisory Board with independent assurance on the adequacy and effectiveness of internal control processes, including the management of risk, in operation throughout the Parliament.

The in-house review of the records of system activity (for example, logins, file accesses, security incidents) maintained by an organization.

See Self-audit

It is review of internal operation of the concern by own staf f or agency appointed by the concern.

An appraisal activity conducted by auditors working for and within an organization of the diverse operations and controls within the organization to determine whether prescribed policies and procedure [..]

Internal audit has the responsibility of reviewing and appraising the policies, systems and controls that surround the business units. It should provide senior management with comfort that the control [..]