Internal Audit

Business, Legal & Accounting Glossary

Definition: Internal Audit


Quick Summary of Internal Audit


Internal Audit is a business unit that conducts a full assessment and analysis of organizational risk and internal controls. Auditors evaluate the accurancy and effectivness of risk management, control, and corporate governance, making sure they are compliant with federal laws and internal policies.




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/internal-audit/
Modern Language Association (MLA):
Internal Audit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2021 https://payrollheaven.com/define/internal-audit/.
Chicago Manual of Style (CMS):
Internal Audit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/internal-audit/ (accessed: September 22, 2021).
American Psychological Association (APA):
Internal Audit. PayrollHeaven.com. Retrieved September 22, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/internal-audit/

Definition Sources


Definitions for Internal Audit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.