Definition: Internal auditing is a crucial IT concept that involves the systematic evaluation of an organization's IT infrastructure, operations, and processes. It is designed to identify potential risks and inefficiencies, ensuring that the organization complies with relevant laws, regulations, and standards. Source: Investopedia Source reference: https://www.investopedia.com/terms/i/internalaudit.asp Additional information: Internal auditing is a continuous process that provides an independent and objective insight into an organization's operations. It helps in improving an organization's effectiveness of risk management, control, and governance processes. The scope of internal auditing within an organization is broad and may involve topics such as the efficacy of operations, the reliability of financial reporting, deterring and investigating fraud, safeguarding assets, and compliance with laws and regulations. The internal audit function, while primarily focused on the review of an organization's internal controls, also plays a significant role in detecting and preventing fraud within an organization. Example: Examples of internal auditing in IT include: 1) Regularly reviewing an organization's IT systems to ensure they are secure and up-to-date. 2) Evaluating the effectiveness of IT controls in preventing unauthorized access or data breaches. 3) Assessing the organization's IT policies and procedures to ensure they comply with relevant laws and regulations. 4) Investigating any incidents of suspected fraud or other irregularities within the organization's IT systems. LOST view: OV-Digital Public Services Catalogue Identifier: http://data.europa.eu/dr8/egovera/InternalAuditingBusinessService EIRA traceability: eira:DigitalPublicBusinessService ABB name: egovera:InternalAuditingBusinessService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/InternalAuditingBusinessService dct:title: Internal auditing Digital Public Service