
Internal Audit
Internal Audit is the set of procedures for measuring internal controls of an organization, with the objective of better guaranteeing the quality and security of accounting information, as well as regulatory information relevant to the business.
Through its work activities, it serves the administration as a means of identifying whether the internal processes and policies defined by the company, as well as accounting and internal control systems, are being effectively followed and that the transactions carried out are reflected in the accounts in accordance with the criteria previously defined.
It is an activity designed to observe, inquire, question, check and propose changes and procedures, with the purpose of evaluating the efficiency and effectiveness of operational and financial controls and mitigating business risks.
Who does it apply to?
IMPORTANCE OF INTERNAL AUDIT
Internal audit (AI) strengthens corporate governance and the company's operation through risk-based audits that provide assessment and knowledge about the processes and structures that lead the organization to success.
Internal Audit
Operational, financial and compliance risks
New technologies
business strategy
Rules and Regulations
The concept of technological innovation is quite broad and may involve not only investments in the creation of new products, but also improvements in production processes.
We work together with a team of engineers specialized in identifying and measuring this type of investment. Our work is divided into 4 steps:
CORPORATE GOVERNANCE STRUCTURE
The Three Lines of Defense
Management Controls
Internal Control Measures
Financial control
Safety
Risk management
Quality
Inspection
Conformity
Audit
internal
High admnistration
Governance Body/Board/Audit Committee
Source: IIA Brazil – The three lines of defense in the effective management of internal control
ATTRIBUTES OF INTERNAL AUDIT

Formal quality assessments prepared regularly to identify opportunities for improvement.
There is a good relationship with stakeholders and they are satisfied with the service provided (expectation x performance).
Data analytics are also employed providing testing efficiency through automation.
Audit methodology and processes are standardized and simplified to be cost-effective.
Stakeholders view AI as excellent from an operational standpoint and, where appropriate, as a provider of strategic support.
There is an appropriate mix of experts on the internal audit team for specific topics.
The Audit Plan was prepared with a focus on Risk and is continuously updated.
Expectations are clearly aligned and communicated with the business areas.


