4 Important Functions of Internal Auditing in Management are given below:
Basically the following are some of the important functions of internal auditing, namely
1. To help supervisors in the discharge of their follow-up and control responsibilities.
2. To help management evaluate the performance- resulting from delegated responsibilities and authority,
3. To check whether the company’s policies and procedures have been duly implemented and followed.
4. To ascertain where, if at all, the company’s policies have been unofficially modified by practices on the job itself, and to recommend the appropriate action.