The implementation of an internal auditor ensures independence, continuous improvement and transparency in organisations, following international standards of good governance.
In a business context where transparency, efficiency and control are fundamental, having an internal auditor has become an indispensable measure for companies of any size. This figure plays a crucial role in ensuring that activities within the organisation are carried out correctly, providing confidence and security to managers.
Internal audit is not only a pillar of good corporate governance, but also rigorously follows the global regulations established by international organisations. Its role is strategic: it reports directly to both the governing body and the chief executive of the company, ensuring a dual hierarchical dependence that reinforces its impartiality.
Far from being a passive observer, the internal auditor is an active part of the organisation, assessing the main risks with the aim of identifying deficiencies and proposing improvements. Although he does not have direct management responsibilities, his independence allows him to provide objective analysis and unbiased recommendations, which contributes directly to the success and stability of the company.
Main functions:
His general responsibilities include advising the company on how to achieve its objectives, improving governance and risk management processes, and strengthening the organisation's reputation and credibility with its stakeholders. Specifically, he focuses on reviewing business processes, ensuring their effectiveness and thoroughness, as well as overseeing financial and sustainability reporting.
In addition, the internal auditor reviews the management of teams and departments to verify compliance with established policies and procedures, issuing alerts to potential non-compliance or irregularities. It also plays a crucial role in monitoring the legislation applicable to the company and verifying the effectiveness of corrective measures implemented to mitigate key risks.
Implementation of Internal Audit:
Any company, regardless of sector or size, can benefit from implementing an internal audit function. However, it becomes essential as companies experience significant growth, as it helps maintain control over risks and ensures effective management. The resources allocated to internal audit are adjusted according to the specific needs of the company's business plan.
Ultimately, the internal auditor not only ensures that processes are executed correctly, but also actively contributes to the continuous improvement of the organisation, making it stronger every day.
