Role of Internal Audit in Merger and Acquisition

Abstract

Internal Audit has evolved dramatically from its traditional role of control orientation to a more pro-active, risk based and consultancy role. Internal Audit provides audit services to the management at all levels, including Board of Directors (BOD) and Audit Committee, thus improving the Organization’s Corporate Governance. In this study we analyze the role of Internal Audit during Merger and Acquisition activity. The present study also attempts to evaluate the objectives and process of Internal Audit and appointment of Internal Auditor. The study also highlights the role of a CMA with regard to Internal Audit.