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Internal Auditor

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Internal auditor
An employee of a company who analyzes the company's accounting records to that the company is following and complying with all regulations.

Internal Auditor
A person or persons employed by a company who review their own company's business activities to identify inefficiencies, reduce costs, and otherwise achieve organizational objectives. Internal auditors may investigate potential theft or fraud and ensure compliance with applicable regulations and policies. They also assist in risk management. In a large company, especially a publicly traded one, internal auditing is conducted by a board independent from any management and answerable only to an audit committee, a subcommittee on the board of directors. The growth of internal audits accelerated following the 2002 passage of the Sarbanes-Oxley Act, which increased the accounting regulations for public companies.


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She is a member of the Gulf Coast chapter of the Institute of Internal Auditors and the Mississippi Coast Chain tier's Coast Young Professionals.
There must be a safeguard to protect the independence of the internal auditor.
Smith was awarded the Certified Internal Auditor designation by the
 
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