Investigation the Impact of Risk Management and Audit Committee on Industrial Companies
This study examines the impact of risk management and audit committee on industrial companies. Internal audit is the task of evaluating the work that takes place within the entity under review and by its staff in order to provide service to that entity and it is one of the main pillars of the control environment. Assessing the adequacy and effectiveness of accounting and internal control systems is one of the main tasks of the internal audit unit. Internal audit is an independent and consulting activity with specific objectives that has been designed to create value and improve performance. Internal audit helps the company achieve its goals with a structured approach as a result, the effectiveness of risk management evaluates and improves controls and governance activities. The first goal of the organization's internal control system is providing the reasonable confidence in management. Financial information is accurate and reliable, the organization is in compliance with policies, plans, procedures, rules, regulations and contracts, assets are protected against damage and theft, resources have been used effectively and cost-effectively and the goals set for operations and programs are achievable.
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