While quantum physics can be tough to wrap your brain around, its potential applications are very exciting. Quantum physicsâthe laws that govern the behavior of smallest components of our universe, such as fundamental particles, atoms and moleculesâis admittedly a tough subject, a complicated path of intricate mathematics and scientific theory.
The role of internal audit is to provide independent assurance that an organisation's risk management, governance and internal control processes are operating effectively.
A typical internal audit assignment involves the following steps: 1  Establish and communicate the scope and objectives for the audit to appropriate management. 2  Develop an understanding of the business area under review. 3  Describe the key risks facing the business activities within the scope of the audit.