Tasks of an Audit

What does an internal audit do?

The range of areas to be examined and the resulting tasks for an internal audit is very broad; ranging from financial accounts audits for subsidiaries that do not need to be examined by external auditors, to the ordinary regular controls and investigations, and to fraud audits. The focus is mostly on commercial issues. In addition, however, there are special controls in other areas such as IT security, management of large contracts, R & D or personnel.