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Internal Audit
(redirected from Internal audit staff)

   Also found in: Financial, Wikipedia 0.01 sec.

An inspection and verification of the financial records of a company or firm by a member of its own staff to determine the accuracy and acceptability of its accounting practices.


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The shortage of competent internal audit staff is the top challenge facing chief audit executives, according to a survey by ACL Services Ltd.
Using existing (37%) internal audit staff None/ does not apply (22%) Outsourcing (30%) or co-sourcing the internal audit function Other/dont know (6%) Hiring additional internal audit staff (4%) Creating a new internal (1%) audit department Note: Table made from pie graph.
He is responsible for GM's worldwide internal audit staff, which monitors risk, compliance, and controls and consults with GM's business units on opportunities to improve GM's financial performance.
 
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