This document is an abbreviated version of the Internal Audit Activity Guide for Boards of Directors of Microfinance Institutions.
The internal audit function is an independent, objective assurance and consulting activity designed to add value and improve the efficiency and security of an MFI’s operations. It helps an MFI improve its operations by bringing a systemic, disciplined approach to evaluating and improving its operations and control process. The Institute of Internal Auditors (IIA), an international professional association of more than 12,000 members, defines internal auditing as “…independent, objective assurance and consulting services 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 governance, risk management, and control processes.”
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The internal audit function is an independent, objective assurance and consulting activity designed to add value and improve the efficiency and security of an MFI’s operations. It helps an MFI improve its operations by bringing a systemic, disciplined approach to evaluating and improving its operations and control process. The Institute of Internal Auditors (IIA), an international professional association of more than 12,000 members, defines internal auditing as “…independent, objective assurance and consulting services 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 governance, risk management, and control processes.”
http://www.seepnetwork.org/
Thanks for giving such a in formation. If You are looking for Audit, Tax, Accounting & Business Advisory Firm In Dubai, UAE Then Alliance CA is one of the leading accounting and auditing firms in Dubai providing Internal Audit services to firms in the UAE. Internal auditing is an independent consulting activity designed to add value and optimize an organization’s operational efficiency.
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ReplyDeleteThank you for sharing this insightful overview of the internal audit function, especially tailored for microfinance institutions. Your explanation highlights the crucial role of internal auditing in enhancing operational efficiency and security. This guide provides valuable insights for audit firm seeking to improve their practices and add value to organizations. Keep up the great work in promoting effective auditing practices.