Internal audit is the ensuring of an independent, objective assurance and consultancy activity performed in order to improve and add value to the activities of the public administrations by evaluating whether the resources are managed in conformity with the principles of effectiveness, economy and efficiency and providing guidance. These activities are performed with a continuous and disciplined approach and in accordance with the generally accepted standards in order to evaluate and improve the efficiency of the risk management, management and control processes of administrative and control structures and of financial transactions.
Internal audit activity is performed by internal auditors.
Internal audit practices are; compliance audit, performance audit, financial audit, information technology audit and system audit.