Internal Audit

Benefits of an Audit:

Some of the benefits of an audit include:

• objective assessment of areas of interest to the Audit Committee and management;
• confirmation that controls and procedures are satisfactory;
• identification of deviations from policies and procedures or management's standards and expectations;
• identification of controls that need improvement;
• recognized improvements to accounting controls to prevent and detect problems;
• ideas to eliminate redundant and burdensome controls;
• identification of productivity enhancements;
• recognized opportunities to automate procedures;
• confidence in the use or design of electronic data processing systems; and,
• early detection of problems before they come to the attention of others.

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