Corporate governance and sustainability
. Internal auditors are employees of a company. The independence of internal auditors is therefore limited. However, the independence of internal auditors is enhanced by reporting directly to the audit committee.

. As employees, internal auditors take part in the day-to-day operations and activities of their company.

. Internal audit focuses the majority of its work on past results.

. The aim of internal audit is always to add value to an organisation and all its activities.

. Internal auditors are appointed by the shareholders.

. Internal audit is not concerned with financial reporting at all.

. Internal audit assesses and evaluates the effectiveness of internal control systems.