Internal audit is a key factor in an organisation’s management to provide useful data to evaluate and improve the effectiveness of its systems—the audit stage to check whether each IK procedure or work instruction is implemented orderly and correctly. The three main types of internal audits are operational, financial, and compliance.
What does Internal Audit do?
Internal audit is an independent and objective assurance and consulting activity, with the objective of increasing value and improving the operations of the Company and its subsidiaries, through a systematic approach, by evaluating and improving the effectiveness of risk management.
Internal auditing is an independent activity that serves to increase company value and help your organization achieve its goals with a measured and systematic approach. 4 steps of the auditing process?
Below are the four processes for auditing the company’s financial statements, namely:
- Planning stage.
- Testing information.
- Obtaining results.
- Compiling evaluation results.
There are four types of audit reports, namely unqualified opinion, qualified opinion, adverse opinion, and disclaimer of opinion.
AMI occurred in the Faculty of Economics on August 1-2, 2023. Ali Kadarisman, M.HI, Rahmatika Sari Amalia, M.Pi, and Dr Nuril Mufidah were present as auditors. AMI itself is an activity carried out periodically by UIN Maulana Malik Ibrahim Malang through LPM (Quality Assurance Agency), which seeks to realize the academic performance accountability of the study program so that its quality standards are in accordance / meet the required SN DIKTI. In addition, this activity is intended for systematic and independent examination to determine the extent to which the internal quality system is running effectively or not.
The auditors confirm E SPMI (Electronic Internal Quality Assurance System) and explore its advantages. The performance of the study program is also expected to lead to continuous improvement. The auditors hope that the performance of the study program can be improved even better in the future. They appreciated the management department, which received a superior predicate from LAMEMBA last year. The event ended with the submission of minutes.