The scope of internal audit units typically includes assurance and advisory activities designed to evaluate and improve the effectiveness of governance processes, risk management, and internal controls in a business unit. These activities might cover:

1.  Governance-related activities, assessing how the governance process helps achieve objectives related to ethics and values, performance management and accountability, and the effectiveness of risk and control information.
2. Risk management activities, identifying and assessing significant risk areas, contributing to the improvement of risk management and internal controls.
3.  Activities related to internal controls, evaluating and suggesting improvements for internal controls.
4. Examination of financial and operational information, reviewing methods used for recognizing, measuring, classifying, and reporting financial and operational information.
5. Operational activities review, evaluating the efficiency, effectiveness, and economy of operations.
6. Compliance with laws and regulations, ensuring adherence to external and internal standards and policies.

DAAD Solutions offers expertise in internal auditing, helping companies benefit from the experience and knowledge of their specialist team.