Operational Auditing: Its Role in Improving Efficiency and Reducing Costs

Operational Auditing: Its Role in Improving Efficiency and Reducing Costs

Operational auditing is a comprehensive analytical process aimed at assessing the efficiency and effectiveness of internal operations within organizations and companies. This type of audit focuses on examining daily activities and procedures to ensure that objectives are achieved with the highest levels of efficiency and at the lowest possible costs. Unlike financial auditing, which focuses…

Benefits of Internal Auditing

Benefits of Internal Auditing

Internal auditing is an independent and objective process aimed at evaluating and improving the effectiveness of corporate risk management, control, and governance processes. Internal auditing is a vital tool for ensuring the achievement of corporate objectives, preserving resources, and improving performance, similar to information systems auditing (IT auditing). Accordingly, this topic highlights the multiple benefits…