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The internal audit function is crucial for maintaining a company’s operational efficiency, compliance, and growth. It provides an independent assessment of risk management, governance, and internal controls, identifying areas for improvement. Internal audits help safeguard assets, mitigate risks, and ensure adherence to laws and regulations. They also enhance productivity by streamlining processes, maintaining quality control, and offering unbiased insights to align operations with business goals. Additionally, they support good corporate governance by ensuring accurate financial reporting and resolving issues before external audits. Overall, internal audits are indispensable for fostering sustainable growth and organizational resilience.
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