Internal auditors key in mitigating company threats

During the opening of a three-day Institute of Internal Auditors Botswana (IIAB) 4th Annual National Conference in Gaborone yesterday, auditors indicated that an internal audit’s role was important in managing large programme risks. An internal audit is defined as the examination, monitoring and analysis of activities related to a company’s operation, including its business structure, employee behaviour and information systems.

It is designed to review what a company is doing in order to identify potential threats to the organisation, and to make suggestions for mitigating the risk associated with those threats in order to minimise costs.