DQ1. According to the Institute of Internal Auditors, ‘Internal auditing is an independent, obje

 
   

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DQ1. According to the Institute of Internal Auditors, '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.! Using this definition, explain what you understand by Internal Auditing. You should discuss various terms in the definition and explain what you understand.