Why is internal audit important to an organization?

The internal auditor plays a key role in helping executive management and boards ensure they are effectively managing the organization for the benefit of stakeholders. According to its mission statement, internal audit aims to boost and safeguard organizational value by offering risk-based, objective assurance, advice, and insights. Internal auditors, together with executive management, non-executive management, and external auditors, are essential to the top-level governance of any organization, contributing to its overall oversight and decision-making processes.