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.
An internal audit measures a company's compliance with external and internal standards. Internal audit results flag potential noncompliance issues so the business takes corrective action without involving regulators. An organization doesn't need an audit department or an audit committee to conduct an internal audit. With an audit checklist, a small-business owner can regularly validate the company's compliance with its policies and procedures.