Ch 1: Internal Auditing Overview

About This Chapter

Review basic information about internal auditing processes and practices using the detailed lessons in this chapter. These lessons can help you study for an accounting class test or prepare for a professional certification exam.

Internal Auditing Overview - Chapter Summary

From internal auditing standards to the professional code of ethics, this chapter covers essential information related to internal auditing. You'll go over why internal auditing is done, types of internal audits and how objectivity is maintained throughout the audit process. After you complete your review of this chapter, you should be able to do the following:

  • Define the standards of an internal audit
  • Identify the types of internal audits
  • Detail the code of ethics and professional practices set by the Institute of Internal Auditors
  • Explain the purpose of an internal audit
  • Discuss the independence of internal and external auditors
  • Point out how to foster organizational independence with internal audits
  • Understand audit objectivity and what might impair this objectivity
  • Assess and ensure objectivity in internal audits

The lessons are accessible from any device at all times, making it simple and convenient to review this material. Determine how much you have learned and whether you need to review any topics further by taking the short self-assessment quizzes accompanying each lesson. If you need assistance, you can contact our instructors through the Dashboard.

Final Exam
Certified Internal Auditor (CIA): Exam Prep & Study Guide
This course currently has no final exam ready
Chapter Exam
Internal Auditing Overview
Status: Not Started

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