Do you need this or any other assignment done for you from scratch?
We have qualified writers to help you.
We assure you a quality paper that is 100% free from plagiarism and AI.
You can choose either format of your choice ( Apa, Mla, Havard, Chicago, or any other)
NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.
NB: All your data is kept safe from the public.
The effectiveness and dependability of audit programs as instruments promoting organizational policies and procedures depend on a set of guiding principles. The knowledge provided by audit principles enables organizations to take action and boost their commercial success. Without proper incorporation of audit programs, the success and health of the company will be jeopardized. Therefore, among the principles are organization must follow are integrity, fair presentation, adequate expert attention, autonomy, privacy, evidence-based strategy, and risk-based method.
When it comes to internal audits, a number of principles must be followed to protect the organization and its sensitive information from outsiders. The principles any internal audit program must involve are integrity, fair presentation, due professional care, risk-based approach, and evidence-based approach (Murdock, 2021). The reason for using these principles while conducting the auditing is that without these principles, it will be impossible to reach efficiency. Without honesty or demonstration of company barriers, reputation and corporate health will be at risk. However, internal auditing might not meet the principle of confidentiality (Murdock, 2021). The reason for this is that during the auditing, the information must be communicated to the executives and involved stakeholders. Moreover, internal auditing can partly meet the principle of independence. In this case, internal auditors might lack objectivity since they are exposed to the corporate environment of the company.
Hence, integrity, fair presentation, adequate expert attention, autonomy, privacy, an evidence-based strategy, and a risk-based approach are among the values that an organization must uphold. Integrity, fair presentation, due professional care, a risk-based strategy, and an evidence-based approach are all requirements for any internal audit program. Reputation and corporate health are in danger without honesty or proof of company boundaries. Internal auditing, however, might not adhere to the confidentiality concept. Internal auditing can additionally only partially uphold the independence concept.
Reference
Murdock, H. (2021). Operational auditing: Principles and techniques for a changing world. CRC Press.
Do you need this or any other assignment done for you from scratch?
We have qualified writers to help you.
We assure you a quality paper that is 100% free from plagiarism and AI.
You can choose either format of your choice ( Apa, Mla, Havard, Chicago, or any other)
NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.
NB: All your data is kept safe from the public.