Internal AuditAn audit performed by a person (or persons) employed by the firm being audited.
Investopedia Says:Internal audits have quickly become an important aspect of corporate governance, thanks mainly to the Sarbanes-Oxley Act of 2002.
Related Terms:AuditCorporate GovernanceIndependent AuditInternal ControlsMaterial WeaknessSarbanes-Oxley Act Of 2002
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