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⟩ Explain me what’s the importance of internal audit?

The importance of internal audits cannot miss in the interview. Well, here is how to go about answering on Internal Audit importance;

☛ They enhance the size and complexity of businesses

☛ They increase the compliance requirements

☛ Focus on risk management and internal controls to manage them

☛ Ensure that the stringent norms implemented by regulators to protect investors are adhered to

☛ Promote an increasingly competitive environment

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