Internal auditing has become a very important function in business today as stated by The Institute of Internal Auditors

Internal auditing has become a very important function in business today as stated by
The Institute of Internal Auditors (IIA) (http: //www.theiia.org.), the role of the internal auditor in the business world is often overlooked. The first line of defence against theft and corporate malfeasance, internal auditors shine the light that keeps corporations, investors and employees safe from secrets. High-volume retail sales generate large amounts of cash and are most vulnerable to losses through theft and other results of lack of effective internal controls. As a result of fraudulent corporate behaviour which is followed by dramatic losses at major companies, much attention has recently been given to internal auditing.