{"id":1671,"date":"2021-05-19T16:00:56","date_gmt":"2021-05-19T16:00:56","guid":{"rendered":"http:\/\/tricordconsulting.com\/?p=1671"},"modified":"2021-05-19T21:01:01","modified_gmt":"2021-05-19T21:01:01","slug":"the-importance-of-internal-auditing","status":"publish","type":"post","link":"https:\/\/tricordconsulting.com\/index.php\/2021\/05\/19\/the-importance-of-internal-auditing\/","title":{"rendered":"The Importance of Internal Auditing"},"content":{"rendered":"\n
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May is International Internal Audit Awareness Month. Internal audits are\nessential to governance and foster trust, transparency, and accountability. At its simplest, internal auditing involves identifying the\nrisks that could keep an organization from achieving its goals, making sure the\norganization\u2019s leaders know about these risks, and proactively recommending\nimprovements to help reduce the risks. <\/a>For internal auditing to be\neffective, the process must be free from undue influence, and the\norganization\u2019s leaders must be open to discussing tough issues and seizing\nopportunities to make necessary changes for improvement. Internal audits can\noften be the catalyst for improving organizational governance and risk\nmanagement.<\/p>\n\n\n\n

Why would I want to do an internal audit? First of all, you\nmay be compelled to conduct internal audits by your company\u2019s leadership. Many\nmanufacturing companies have internal audit programs that stem from provisions\nof the corporate HSE management system policy. Most management systems, whether\nISO14001 or some in-house company developed system include the \u201cplan-do-check-adjust\/act\u201d cycle<\/a>. <\/p>\n\n\n\n

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The \u201ccheck\u201d phase being where internal audits come into\nplay. For any internal audit program to be effective, top management must be\ncommitted to identifying and correcting problems. <\/p>\n\n\n\n

Companies with established internal audit programs go about\nit in a variety of ways: <\/p>\n\n\n\n