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Internal Audit Overhaul: Streamlining Organizational Efficiency and Accountability

Economics Finance and Accounting
CONSEPTUAL ISSUES OF INTERNAL AUDIT
Gyullo Arabyan

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Internal audit functions like operational, management, and performance audits can overlap, causing confusion and wasting resources in organizations. Operational audit looks for ways to improve efficiency in business functions, management audit focuses on effective management systems, and performance audit evaluates the effectiveness of public sector budgets. When these audit areas overlap less, internal audits are more effective in organizations.