The internal accounting audit is one of the main keys of successful business that is absolutely indispensable in institutions and companies of all kinds.
What is Internal Accounting Audit for Companies?
The internal accounting audit is considered an activity independent of the companies’ business, as it adopts objectivity as an approach, and aims to perform services of verification and verification of the correctness of the accounting works, and it provides various advisory advice for these businesses.
Accounting audit aims to improve the work process and add value to the operations of the organization. The internal accounting audit also helps institutions achieve their goals, contributing through a systematic and organized work method, to evaluating and improving the effectiveness of control, governance and risk management processes.
Types and Servicers of Internal Auditing
The internal accounting audit is divided into main sections, which are:
- Financial audit: by checking and analyzing the economic activities of the institution, which were extracted from the accounting reports prepared by the financial accountant.
- Administrative audit: by monitoring and analyzing the departments of the institution; To ensure that employees carry out the tasks entrusted to them to the fullest extent, and in a manner that serves the work objectives of the institution in an optimal manner.
- Operational audit: by examining the effectiveness of the main operational work within the institution, verifying its objectives, the efficiency of its work, and the absence of a waste of its energies.
How to Use internal Accounting Auditing
In short, we can say that the most important objectives of internal auditing are:
- Verify data integrity and accuracy.
- Conformity of plans and actions with the objectives of the public institution.
- Verifying the economy at work and avoiding waste in its various forms, whether in work time or resources.
- Ensuring the harmony of the works with each other, and their progress according to smooth and overlapping work mechanisms.
- Protect the company's resources, assets and property from tampering and default.
So; The function of the internal auditor is to provide advice and guidance to the company’s board of directors, and to provide scientific advice on how to better implement their responsibilities.
Trustus Consulting provides its kind customers with all corporate services in Turkey and everything related to corporate accounting and internal auditing services through our professional and specialized team, to be your scrutinizing eye and your safe hand on your business, with the aim of raising your companies to the desired level that you hope.
Edited by: Trustus Consulting©
