internal audit checklistAn internal audit is a process followed by an organization to ensure that they are operating effectively. It covers both the risk management, internal governance and the quality control processes within an organization. Using strong analytical skills, internal auditors look beyond just the financials to consider issues like an organization’s reputation, growth, their impact on the environment and the way staff are treated. Auditors are the one’s helping organizations to succeed, and is a rewarding career path for any students considering this line of work. You can learn a little more in this post on the different types of careers you have available.

For an internal auditor, there are two main roles. Tracking and monitoring the systems and processes that keep the organization on track, and offering consulting and advice to continually improve these two. The goal is to offer independent, and objective advice, and ultimately add value to the operation. Following a strict and disciplined approach is a key component of a good audit, as well as making recommendations and drawing insight from the assessments made of the data and business processes. When you’re new to this field, check out this course and learn how to effectively analyze a business process.

The scope within an organization is quite broad for an internal auditor, and can include any of the following areas:

Remember than an internal auditor is not responsible for the execution of all the activities, their job is to advise management and provide a means for them to better execute on their responsibilities. If you wanted to get started on conducting a risk assessment of your company, this course is a fantastic resource. Likewise, determining the effectiveness of quality controls is another task that internal auditors regularly partake in, and you can get an introduction to this field in this course. Building on the example of a quality management system, the following is a checklist to help your audit team get started.

Run through all of these and try to answer every question to the best of your ability. The goal of the audit isn’t to show complete alignment on day one, but to help you identify any areas that perhaps need a little more focus.

This checklist will get you off to a great start on auditing the processes surrounding the quality of your products. This course has some great advice on specific tools you can use throughout, so check it out and learn how to keep your product quality as high as possible.

The goal of an internal auditor is to add value to a business’s existing operations. The audits they conduct take a systematic approach to look at every single component in a process, and following a disciplined set of guidelines they evaluate where improvements can be made. For a business, they are a godsend, as they often uncover certain areas or improvements that management were previously unaware of. Take the checklist above and see how well your business fares, you may even be surprised at the result!

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