Which type of audit is conducted by the organization itself?

The internal audit is conducted by the organization itself to evaluate its own systems, processes, and controls. This type of audit focuses on assessing the efficiency and effectiveness of operations, compliance with policies and regulations, and identifying areas for improvement.

Internal audits are typically performed by employees within the organization who are knowledgeable about its activities, allowing for a deep understanding of the internal processes. They can help identify risks and weaknesses before they become significant issues, ensuring that the organization can work proactively rather than reactively.

While external audits are performed by independent third parties, compliance audits assess adherence to specific guidelines or regulations, and operational audits review the efficiency of operations from a broader perspective, it's important to recognize that only the internal audit is specifically conducted by the organization's own personnel. This self-assessment offers valuable insights and fosters an environment of continuous improvement.