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.
Internal Audit. The Internal Audit Department monitors compliance, improves the efficiency and effectiveness of internal control systems and controls risks to enhance the governance process. The Internal Audit Department provides assurance to Management and the Audit Committee through independent appraisal of the Bankâs operations and controls. The independent appraisal evaluates the adequacy and effectiveness of controls, disciplines, systems and procedures to reduce operational risks in a cost-effective manner.