An increasing number of companies are taking the opportunity to allow individuals who are not integrated into the normal working processes – and who effectively have an impartial overall view – to monitor the business’s critical and key areas. This independent assessment, carried out by someone who is not involved in the company’s operations, is called an internal audit.
These types of audits are often carried out by third-party companies if, for example, there are no appropriately trained members of staff or if the cost of setting up an internal audit and employing the necessary staff would be too high.