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.
They must be objective, impartial, independent, and competent. ISO 19011 distinguishes between internal and external auditors.Internal auditors perform first party audits while external auditorsperform second and third party audits. Audit client An audit client is any person or organization that requests an audit. Internal audit clients can be either the auditee or auditprogram manager whereas external audit clients can include regulators or customers or any other parties that have a legal or contractual right or obligation to carry out an audit.