Internal Audit

It is also known as internal strategic management audit. So it is a process in which the information about key internal factors is gathered and compiled. Specifically in order to ascertain the strengths and weaknesses of the organization. Moreover in the functional areas of marketing, management, finance. Along with production or operations and research or development etc. This internal audit is conducted for the assistance of the organization to positively utilize its strengths for success. Although while improving its identified weaknesses.