What are the benefits of internal audits, Auditing

What are the benefits of internal audits, Auditing

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An audit helps stay track of where the currency or money is going and makes sure the money is going anywhere it is believed to and not in someone''s pocket. An audit may also help a company recognize if it is losing or creation more money.
Internal Audit usually helps company to review the effectiveness of processes and related global or international standards, provides scope of development, demonstrates high class or top management commitment provides information for management review meetings and helps improving customer satisfaction & confidence.

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