A natural person, often also an accountant, who is employed by the organisation and professionally assesses the extent to which his organisation succeeds in controlling the business process and the associated risks. The internal auditor helps an organisation achieve its goals by evaluating and improving the effectiveness of the governance, risk management and control processes based on a systematic and disciplined approach.

Previous Story

Fraud triangle

Next Story

Internal code of conduct

Latest from Definitions and Clarafication

Works Council

Organisations with a workforce of 50 employees or more must have a works council (WoCo). A…

Whistleblower policy

A whistleblower exposes malpractice in an organisation. Employers with a workforce of 50 or more must…

Tone at the top

Is the behaviour and attitude of top management, including the board and supervisory body of an…

Supervisory director

Oversees an organisation’s policies and implementation of policies on behalf of shareholders and the stakeholder. A…