Internal Audit is a systematic process that organizations use to evaluate their operations, controls, and compliance with laws and regulations. It helps ensure that a company is effectively managing its risks and achieving its objectives. Internal auditors assess the efficiency of processes, identify areas for improvement, and provide recommendations to enhance performance. The Internal Audit function operates independently within an organization, reporting directly to senior management and the board of directors. This independence allows auditors to provide objective insights and maintain integrity in their assessments. By conducting regular audits, organizations can strengthen their governance and improve overall accountability.