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What is Benefits of Internal Audit for Management about?

Internal audit is beneficial to top management in several ways: 1) It helps identify risks that could prevent the organization from achieving its objectives. 2) It allows management to better focus on high risk areas. 3) It strengthens the planning process and helps management identify opportunities and threats. However, adopting a profit center approach is not always appropriate. While it has advantages like improving decision making and increasing manager initiative, it is not suitable when divisions

Author

Book worm

Language

EN