Internal audit is an independent and objective assurance and consulting activity that seeks to add value and enhance an organization's operations. It supports an organization in achieving its objectives by taking a systematic and disciplined approach to assessing and improving the effectiveness of risk management, control and governance processes.

Performed by professionals with an in-depth understanding of the business culture, systems, and processes, the internal audit activity provides assurance that internal controls in place are adequate to mitigate the risks, governance processes are effective and efficient, and organizational goals and objectives are met.