The Internal Audit Function is an important aspect for businesses in having a sound Corporate Governance within the organization. Following the establishment and full operation of the Internal Audit, it is considered necessary to assess the Internal Audit operation whether is in line with the pre-set procedures, the laws and regulations and at the appropriate standards.
The Internal Audit Assessment comes to evaluate the effectiveness and efficiency of the Internal Audit function and identify areas that need improvement and/or amendment in order for the function to perform properly.