Usually means: Evaluation of internal controls, processes.
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We found 14 dictionaries that define the word Internal audit:

General (5 matching dictionaries)
  1. internal audit: Merriam-Webster
  2. internal audit: Collins English Dictionary
  3. internal audit: Infoplease Dictionary
  4. internal audit: Dictionary.com
  5. Internal Audit, Internal audit: Wikipedia, the Free Encyclopedia

Business (9 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. INTERNAL AUDIT: Accounting Glossary
  4. Internal Audit: Investopedia
  5. Internal Audit: Legal dictionary
  6. Internal Audit: Financial dictionary
  7. Accounting, Business Studies and Economics Dictionary (No longer online)
  8. BusinessDictionary.com (No longer online)

Definitions from Wikipedia (Internal audit)

noun:  Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

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