Glossary of Compliance

Compliance Glossary

Our list of curated compliance glossary offers everything you to know about compliance in one place.

Glossary » SOC 2 » Internal Audit

Internal Audit

An internal audit is a type of organizational audit that is conducted by a company’s own employees, rather than by an external third party. The purpose of an internal audit is to evaluate and improve the effectiveness of a company’s internal controls, risk management, and governance processes.

Internal audits may cover a wide range of topics, depending on the needs and goals of the organization. For example, an internal audit might focus on financial reporting, operational efficiency, compliance with laws and regulations, or IT systems and controls.

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