What are the basic principles of an internal audit controlsystem?



What are the basic principles of an internal audit controlsystem?..

Answer / Mohammad Ravi

The basic principles of an internal audit control system include objectivity, assurance, and consulting. Objectivity means maintaining impartiality in performing audits and communicating findings. Assurance refers to providing evidence that controls are effective and financial statements are accurate and reliable. Consulting involves advising management on risk management, control, and governance processes.

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