Regarding the financial-accounting system, the internal audit aims at understanding the accounting and control systems finding and correcting the errors. The auditor must inform the general management about the obvious errors within the entity. The board must know evrything concerning these errors.

Internal Audit is an independent and concise activity, which provides advice to improve operations, designed to add value to an organization. [1] It helps an organization accomplish its objectives by bringing a systematic, disciplined and improving methods of risk management and resource...