Internal audit serves as a vital function within organizations, providing independent and objective assurance on the effectiveness of risk management, control, and governance processes. It involves a systematic examination and evaluation of an organization’s operations, processes, and internal controls to ensure alignment with strategic objectives, compliance with laws and regulations, and mitigation of risks. Internal audits are applicable across a broad spectrum of entities including corporations, government agencies, non-profit organizations, and educational institutions, aiming to enhance operational efficiency, safeguard assets, and improve overall governance practices.