The role of internal auditing in the improvement of companies

     For all companies in the world it is vital to have a specialized area that can help and contribute to these entities with the aim of adding value and being able to improve their performance so that they can become important for the country, only with the good management; which is given by the audit in coordination with the administration; Therefore, and for this work, it is first important to make known the definition of the term audit, as well as the class or category that this work deals with, which is internal audit.

The above in order to have a clear starting point regarding what it is and thus later, understand without difficulty the role that their participation plays within the organization. In this sense, the audit as proposed by Sanchez (sf) is related in some way to the process of inspection, verification and meticulous evaluation of financial information, processes and operations to determine the correspondence with the internal and external provisions in the different principles and programs. 

Additionally, and to have another point of view, Perez (2019) states that the audit is:"A role in transformation, key to developing the new governance, risk and compliance model that companies need in order to face the new challenges arising from changes in the business environment, digital transformation and regulatory compliance."

The above explains the purpose of this work since the main objective of professionals in this area apart from adding value to the company; It is to be up-to-date so that with sufficient knowledge, an efficient organization can be created and that it can respond to the continuous changes that the entity faces on a daily basis.

That is, auditors must be continuously trained and trained so that the audited entity can perform well, which is why auditors are so essential in the entity since thanks to their knowledge and experience they can anticipate, detect, and reduce possible risks in time. that the entity may have in any scenario or theme.

On the other hand, and to understand the importance of internal auditing, it is stated that this is understood as one of the various types of auditing and refers to independent activity as stated by The Institute of Internal Auditors as cited in Estupiñan (2015). and objective of assurance and consultation, conceived to add value, improve the operations of an organization and give greater certainty of compliance with business objectives. In addition, this type of audit is mainly characterized by the professional's dependent labor relationship with the organization and the purely internal destination of the report-product of the work carried out.

The above described gives us to understand that this type of audit is essential in an entity since it can maintain continuous improvement and is always looking for the best performance and the reduction of risks; in the same way, it helps to meet the objectives in society thanks to the evaluation, efficiency and transparency in the processes it carries out. It is also relevant to add that the reports that are the product of this area help to correct poorly executed plans and procedures; this thanks to the recommendations found in the reports.

Additionally, in order to understand the challenges and the important role that the auditor has for companies, points will be given in favor of this ideal below, since according to Tapia (2019) the internal auditor must be a promoter of change in companies since through his Supervision and knowledge can help to optimize time, resources and internal processes, without neglecting quality or good performance in the entity.

In addition to what was previously described, this same author mentions that the auditor's actions should be oriented to allow any organization to adapt to the passage of time, as well as to economic, political, social and cultural changes and, above all, to survive.

In the same way, this author affirms that new trends indicate that the role of the auditor should not be limited to only focusing on fully complying with a work plan in a timely manner, but must go further and reinvent itself, based on the fact that Despite having performed a good review, you must ask yourself how else you can carry out future audits on subsequent occasions, which will allow you to expand your horizon.

On the other hand, and in relation to their performance within all types of companies, it can be stated in the first place that it is imperative that the auditor has permanent training and a continuous improvement approach so that the depth and scope of the reviews is sufficiently effective. to reasonably guarantee the control of operations and safeguard organizational interests.

Likewise, his intervention manages to get the company to introduce the necessary changes in regulations and procedures that help it evolve without fear of losing control in the different areas and therefore, move at the same pace as technological advances and skills malicious acts are presented in order to overcome and reduce their likelihood of action and success. This is why the audit improves companies by making them to a certain degree devoid of subtractions, voluntary or involuntary errors, fraud, among others, which helps the company to be organized, efficient, able to make good decisions, grow (financially) and meet your objectives; which in a repeated and updated way will make it better in its operation and operation.

Finally, it is concluded that the internal audit is an essential tool for the entity since thanks to the supervision, evaluation, implementation of procedures and policies that this entails, the entity can meet its goals and in the same way carry out good management in order always that there is a good performance, that there is quality and risks are reduced and there are no fraudulent problems, that is, that there is transparency, additionally it is concluded that the auditors have a great responsibility and therefore they have to be in continuous improvement and training to that in the same way the entity is.

Bibliography

- The role of internal auditing in the improvement of companies. (June 23, 2008). The portfolio. Retrieved from https://www.portafolio.co/economia/finanzas/papel-auditoria-interna-mejoramiento-companias-404764 - Estupiñan, R. (2015). Risk management E.R.M and internal audit. Retrieved from http://www.ebooks7-24.com.ezproxy.umng.edu.co/stage.aspx?il=&pg=&ed= - Perez, Y. (2019). Internal Audit 4.0: a function in transformation. Mexico. KPMG Trends. Retrieved from https://www.tendencia.kpmg.es/2019/04/auditoria-interna-4-0-una-funcion-en-transformacion/ - Tapia, C. (2019). Internal audit. Ecoe Editions. Retrieved from http://www.ebooks7-24.com.ezproxy.umng.edu.co/stage.aspx?il=&pg=&ed=

Editors

- Lida Maritza Palacio Barragan - Karen Lorena Martinez Garnica - Juan pablo Garzon Donoso