internal audit framework

An internal audit framework is a structured system that organizations use to evaluate and improve their internal controls, risk management, and governance processes. It outlines the policies, procedures, and standards for how audits are planned, executed, and reported. This framework ensures audits are objective, consistent, and thorough, helping the organization identify areas for improvement, prevent fraud, and ensure compliance with laws and policies. Essentially, it provides a clear blueprint for regularly checking that the organization is functioning effectively and responsibly.