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Internal Audit is a periodic check up for all the processes in the organization. It is planned and executed with the primary aim of sustaining compliance across the organization. It is a process by itself which identifies non conformances or deviations that affect the project productivity level.
Since all the regulatory bodies aim at providing wholesome security, they consider internal audits as a stepping stone for building the defense system. Though internal audits provide compliance management solutions at the leaf level of the organization, in the long run this effort encapsulates the entire organization.
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