The Internal audit profession is guided by Internal audit Standards under its framework known as International Professional practice Framework (IPPF). The current definition of Internal Audit which was launched in June 1999 states as follows:
"Internal auditing is an 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”.
QUICK WINS FOR PUBLIC SECTOR INTERNAL AUDITORS IN TANZANIA
By Alphonce Hussein Muro
Internal auditing is an 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. The people who are practicing Internal Auditing are known as Internal Auditors be it in a Public Sector or private sector.
Fourth Article
Clients Do Buy Audit Service-But Do They Like It
…… it is a devil we are made to live with….. ….when they are around, we can’t concentrate on work…. ….they are like policemen….. …..they report negatively on two mistakes and say nothing on a hundred things done well….. ….they issue nasty reports and make people lose jobs ……
These are some comments made by audit clients about audits and auditors. However, they pay for audit services received.
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