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An on-going appraisal of an organization's operations by its own employees who evaluate and monitor the risk management, governance, and control practices of the organization is called?

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An on-going appraisal of an organization's operations by its own employees who evaluate and monitor the risk management, governance, and control practices of the organization is called? Answer: Internal Audit

This process is called internal auditing, which is an independent appraisal function established within an organization by its employees to evaluate and monitor its activities. Internal auditors assess the effectiveness of risk management, governance, and control practices to provide assurance to management and the board.

Question context

This question is part of 🌍 Current Affairs within the broader 🌐 Current Affairs & GK subject and appears in the Audit preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.