Introduction to internal audit
Taught by Peter Woolley · AI tutor support included
You'll learn what internal audit is, why it matters for organisational control, and the key objectives that guide internal audit work.
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In this lesson
- 0:00 Introduction to internal audit
- 1:04 What internal audit is and independence
- 2:01 The SCREAM objectives explained
- 4:04 What internal audit should not do
- 4:26 Practice question on internal audit scope
About this lesson
This session covers the core scope of internal audit assignments—from safeguarding assets and ensuring compliance, to reducing costs and strengthening controls—and explains why independence is crucial to the role. You'll also explore how internal auditors support external audit procedures and manage risks without compromising their objectivity. By the end, you'll understand the boundaries of internal audit work and how it adds genuine value across the business.
Duration: 6m
Transcript
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