Internal Audit - A Tool for Achieving Organizational Objective

Abstract

Presently majority of the corporate sectors use Internal audit as a tool for achieving organizational objectives and also used to assess organizational performance, because internal audit plays a critical role which helps the executives to reach their conclusion. It mainly assist executives to achieve objectives by safeguarding organization against fraud, by ensure compliance with various laws and regulations, by reducing wastage of resources etc,. However this engagements of the internal audit led to conduct this study. The study has conducted at Malnad Alloy Casting Pvt. Ltd, Shivamogga, the study has identified various factors and also tested these factors using statistical test which has resulted that internal audit is positively influencing organization to achieve organizational objectives in the study area.