What are the roles and responsibilities of an internal auditor?

Businesses may need financial audits of their records for compliance and evaluation. They must abide by tax laws and Value Added Tax (VAT) rules, file tax returns, and avoid any future chaos. A Business’s internal auditor can help with this.


The Roles and Responsibilities of an internal auditor include:

  • Internal Auditors are a valuable asset to an organization. Their main duties include identifying, evaluating, and reporting on risks related to the reputation of the firm. The way it conducts its business operations, its strategic growth plans, and how it manages environmental impact as well as employee treatment.
  • They function as consultants who carry out the appraisal and advise the company administration on how to handle the risk factors that they have recognized. 
  • Proper governance of the firm and assessment of risk management  
  • Safeguarding of assets in compliance with laws and regulations
  • Help to conduct proactive fraud audits to identify potentially fraudulent acts
  • Conducting post investigation fraud audits to identify control breakdowns and establish financial loss.


With this in mind, you should hire proficient and experienced auditors who are able to handle and solve any issues pertaining to the Audit Report of your company.


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