What Is Internal & External Audits
Internal
The definition of internal audit is an assessment of confidence, independent, objective and consulting activities designed to add value and to improve organizational operations. Internal audit can help an organization achieve its objectives by bringing a systematic and disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes.
In other words, internal audit is a catalyst for increasing organizational effectiveness and efficiency by providing insights and recommendations based on analysis and assessment of data and business processes. With a strong commitment to integrity and accountability, internal audit provides value to the body and senior management as a destination for independent advice.
External
The definition of external audit is an audit conducted by an external body (independent) that meets the requirements. External audit has the objective of determining, among other things, whether the accounting records are accurate and complete, whether they are prepared in accordance with the provisions of PSAK, and whether the reports prepared from the data present the financial position and results of financial operations in a fair manner.
In language that is easier to understand, the definition of external audit is a periodic examination of the books and records of an entity which is carried out by a third party independently, to ensure that the records have been checked properly, accurately and in accordance with established concepts, principles. , accounting standards, legal requirements and provide a true and fair view of the financial situation of the entity.
Service Program
Service topics include :
- CSMS assessment
- OHS (Occupational, Health and Safety)
- Continual improvement
- Organization assessment
- Vendor assessment
- International standard value added assessment
- Performance monitoring
- RCA (Root Cause Analysis)
- Internal audit function development
- Internal control assessment
- etc.