Internal audit is an independent, objective assurance activity designed to evaluate and improve an organization’s risk management, control, and governance processes. Internal auditors assess the effectiveness of internal controls, ensure compliance with laws and regulations, and identify areas for operational efficiency. They provide management with insights and recommendations to enhance processes, mitigate risks, and ensure the integrity of financial and operational information. Internal audits are crucial for maintaining accountability, transparency, and continuous improvement within an organization, supporting its overall strategy and goals while safeguarding against potential issues.