siseaudititegevus

Siseaudititegevus refers to the independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Internal audit serves as a crucial component of good corporate governance, providing an essential layer of oversight.

The primary purpose of internal audit is to provide assurance to management and the board of directors regarding the adequacy and effectiveness of internal controls, the reliability of financial and operational information, and compliance with laws, regulations, and policies. Internal auditors are expected to be objective, independent, and maintain professional skepticism. They examine the efficiency and effectiveness of an organization's operations and identify areas for improvement.

The scope of internal audit activities can be broad, encompassing financial audits, operational audits, compliance audits, IT audits, and investigative audits. These activities are typically guided by an internal audit plan, which is developed based on a risk assessment of the organization's objectives and operations. The results of internal audit engagements are communicated to management and the board, often through detailed reports that include findings, identified risks, and recommendations for corrective actions. Management is then responsible for implementing these recommendations.