Internal audit is generally management course of action for organization. It can be voluntary and mandatory. Voluntary is management promoted. as such can be taken as measure to curb mis happening or false practice in an organization
Internal audit is organization management perspective facilitating an independent team to evaluate an organisation’s internal controls, its corporate practices, processes, and methods. An internal audit helps in securing compliance with the various laws applicable to an organisation whether the applicable industry compliance is met or not and been followed or not as per benchmark.